ARC International plc
Notification of transactions of directors
ARC International plc ("the Company")
On 26 February 2004 the Company awarded Carl Schlachte 1,500,000 restricted
Ordinary Shares subject to certain performance criteria. In addition, on 6
August 2004, the Company awarded Peter van Cuylenburg 1,000,000 share options,
625,000 of which were subject to the same performance criteria. On 3 March 2006
125,000 of Peter van Cuylenburg's share options vested and on 17 March 2006 he
exercised his options over these shares
The performance criteria in relation to the second tranche of those restricted
Ordinary Shares and share options outlined above has now been met and
accordingly the Company has released 375,000 Ordinary Shares to Carl Schlachte
and 156,250 Ordinary Shares to Peter van Cuylenburg.
A notice has today been received that Carl Schlachte has today sold 130,000
Ordinary Shares, representing 0.087% of the issued share capital, at a price of
30p, and that Peter van Cuylenburg has sold 100,000 Ordinary Shares,
representing 0.067% of the issued share capital, at a price of 30p. These share
sales are to cover the taxes due on the release of the restricted shares and the
exercise of the share options, by Carl Schlachte and Peter van Cuylenburg..
Following this disposal, Carl Schlachte now holds 406,364 Ordinary Shares
representing 0.272% of the issued share capital. Peter van Cuylenburg now holds
837,500 Ordinary Shares representing 0.560% of the issued share capital and
options over 437,500 Ordinary Shares representing 0.292%.
Contact
Tim Lynch
Tulchan Communications 020 7353 4200
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