Exercise of options and transfer of shares
Stobart Group Limited
('Stobart' or 'the Group')
Exercise of options and transfer of shares
21 December 2012
Stobart announces that it has made application for the admission to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Admission") for 750,000 ordinary shares of 10 pence each in the capital of the Company. These are to be issued following the exercise of nil cost options. It is expected that Admission of these ordinary shares will become effective on 28 December 2012.
In accordance with DTR 5.6.1, the Company announces that following Admission of the ordinary shares of the Company referred to above, the Company's issued share capital (excluding treasury shares) will consist of 347,267,581 ordinary shares of 10 pence each with voting rights. The Company currently holds 6,693,291 ordinary shares in treasury. Therefore, the total number of voting rights in the Company will be 347,267,581. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
The Company also announces that Andrew Tinkler, Chief Executive Officer, has applied for a transfer of shares to certain members of his family, expected to be completed today. 40,000 shares have been transferred to his son, Adam Tinkler, 45,256 shares to his daughter, Laura Tinkler and 40,000 shares to his partner, Alison Schmutz. Following this transfer, Andrew remains interested in 28,354,503 ordinary shares of 10 pence each.
ENDS
About Stobart Group
Stobart Group is listed on the London Stock Exchange in the FTSE250 (LSE:STOB). Operating from over 61 sites across the UK and Europe, Stobart Group is a UK front-runner in the multimodal logistics, warehousing, civil engineering, rail infrastructure and biomass fuel sectors. At the core of the Group is the Stobart Transport and Distribution division, incorporating Eddie Stobart - the iconic name behind a huge road haulage fleet totalling some 3,000 tractor units and over six million square feet of warehousing. Stobart Estates, Stobart Infrastructure and Civil Engineering, Stobart Air and Stobart Biomass divisions complete the Group's corporate structure.
Enquiries:
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Stobart Group |
+44 1925 605 400 |
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Andrew Tinkler, Chief Executive Officer |
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Ben Whawell, Chief Financial Officer |
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i-nfluence |
+44 20 7287 9610 |
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Stuart Dyble/James Andrew |
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Square1 Consulting |
+44 20 7929 5599 |
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David Bick/Mark Longson |
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This information is provided by RNS
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