Information  X 
Enter a valid email address

Rightmove PLC (RMV)

  Print      Mail a friend       Annual reports

Friday 04 April, 2008

Rightmove PLC

Director/PDMR Shareholding


                                                          FOR IMMEDIATE RELEASE

                                                                   4 April 2008

                         RIGHTMOVE PLC ("the Company")                         

   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL   
                      RESPONSIBILITY OR CONNECTED PERSONS                      

This notification relates to DR 3.1.4R(1)(a) and DR 3.1.4R(1)(b).

The Company announces that it has been notified of the following reorganisation
of the shareholding of the following executive directors for tax planning
purposes:

 1. Ed Williams has transferred 2,360,795 shares (being 1.86% of the issued
    share capital excluding treasury shares) to a Trust for members of his
    family, the trustees of which are Ed Williams and Mr Nicholas Shaw, and
    47,200 shares (being 0.04% of the issued share capital excluding treasury
    shares) to Thesis Nominees Ltd in relation to a contribution in specie to a
    SIPP. The transfer to the Trust took place on 3 April 2008 and was notified
    to the Company on 3 April 2008. The transfers to the SIPP took place on 1
    April and 3 April 2008 and were notified to the Company on 3 April 2008. Ed
    Williams retains the voting rights on the shares placed in the Trust and
    the shares will revert to him on 30 July 2008. Ed Williams also retains the
    voting rights on the shares placed in the SIPP. Therefore his total voting
    rights in the Company remains the same at 2,407,995 shares (being 1.9% of
    the issued share capital excluding treasury shares).
   
 2. Nick McKittrick has transferred 871,000 shares (being 0.69% of the issued
    share capital excluding treasury shares) to a Trust for members of his
    family, the trustees of which are Nick McKittrick and Mr Nicholas Shaw, and
    29,000 shares (being 0.02% of the issued share capital excluding treasury
    shares) to Thesis Nominees Ltd in relation to a contribution in specie to a
    SIPP. The transfer to the Trust took place on 3 April 2008 and was notified
    to the Company on 3 April 2008. The transfer to the SIPP took place on 1
    April 2008 and was notified to the Company on 3 April 2008. Nick McKittrick
    retains the voting rights on the shares placed in the Trust and the shares
    will revert to him on 30 July 2008. Nick McKittrick also retains the voting
    rights on the shares placed in the SIPP. Therefore his total voting rights
    in the Company remains the same at 900,000 shares (being 0.71% of the
    issued share capital excluding treasury shares).
   
In addition the Company was notified on 2 April 2008 of a sale of shares for
tax planning purposes by a PDMR, Miles Shipside, as follows:

Date of         Selling price  Number of      % of issued     Holding after  
transaction                    shares         share capital   the transaction
                                              excluding                      
                                              treasury shares                
                                                                             
2 April 2008    490.2202p      300,000        0.24%           Zero           

Name and authorised officer responsible for making this notification:

Liz Taylor, Company Secretary

liz.taylor@rightmove.co.uk

                                     ENDS