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Havelock Europa PLC (HVE)

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Friday 30 January, 2009

Havelock Europa PLC

Board and Employee Share Trus

RNS Number : 5367M
Havelock Europa PLC
30 January 2009
 


Friday 30 January 2009


HAVELOCK EUROPA PLC


Havelock Board and Employee Share Trust Purchase 5.3% Holding


Three Directors of Havelock (HVE.L) - the fully-listed educational and retail interiors and point of sale display group - and the Havelock Europa PLC Employee Share Trust  purchased on January 29 2009 an aggregate of 506,000 ordinary shares of 10p each ('Shares'), representing 1.31% of the issued Share capital of the Company. 


The consideration was 38.5p per Share, or £194,810 overall. 


Havelock was informed that the Directors concerned had purchased a total of 245,000 Shares (0.64%) for a total consideration of £94,325 and that the Employee Share Trust had purchased an additional 261,000 Shares (0.68%) for a total consideration of £100,485.


Details for each purchase are as follows: 

 

                      Directors'
Shares purchased
Resultant holding
Name
Position
No.
No.
%
 
 
 
 
 
Michael Derbyshire
Non-exec
15,000
46,000
0.12
Roland van Bommel
Non-exec
90,000
150,000
0.39
Malcolm Gourlay
Chairman 
140,000
500,000
1.30
 
 
 
 
 
Havelock Europa PLC Employee Share Trust
 
261,000
1,345,672
3.49
 
 
 
 
 
Total:
 
506,000
2,041,672
5.3%

 


Havelock proposes to announce its results for the year to 31 December 2008 on Tuesday 7 April 2009.


Notes for Editors:


This purchase follows the announcement of Monday 19 January 2009 that, on Friday 16 January, 2009 all members of the Havelock Board had purchased a total of 61,000 Shares (0.16%) and that the Employee Share Trust had purchased an additional 89,000 Shares (0.23%). The consideration was 38.5p per Share


Yesterday, Havelock released a pre-close trading update, which stated that the Board expects Havelock's results for the year to 31 December 2008 to show a seventh successive annual increase in underlying pre-tax profit, in line with market expectations (which are unchanged since February 2007, prior to the announcement of the 2006 results).

 

For the year to 31 December 2007, Havelock reported revenue of £125.0 million, pre-tax profit of £6.7 million and fully diluted earnings per share of 12.0p, and dividends per share of 4.5p were paid.


Enquiries:




Havelock Europa PLC


01383-820 044

  Hew Balfour (Chief Executive)

07801-683 851

  Grant Findlay (Finance Director)

07768-745 960



Bankside Consultants Limited


  Rose Oddy

020-7367 8853




This information is provided by RNS
The company news service from the London Stock Exchange
 
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