Director/PDMR Shareholding

RNS Number : 3402V

IS Solutions PLC

27 May 2008

 



27 May 2008    

IS Solutions plc

Treasury Shares 

Director/PDMR Shareholding

The Company announces that on 23 May 2008 it purchased 325,000 ordinary shares at a price of 24.5p per ordinary share to be held as Treasury Shares under the authority granted by shareholders at its last Annual General Meeting.

The Company also announces that on 23 May 2008 certain employees completed the exercise of share options over a total of 160,000 ordinary shares of which 90,000 were repurchased at 26p. The ordinary shares in respect of all of these options have been satisfied by way of transfer of the Company's holding of Treasury Shares.  All of the share options are at an exercise price of 6p per ordinary share, all pursuant to the Company's Executive Share Option 'B' Scheme.

The Company now holds a total of 1,663,118 ordinary shares as Treasury Shares out of a total issued share capital of 24,793,190. The Total Voting Rights of the Company are now  23,130,172 ordinary shares and this number should be used to determine any announceable holdings under the Disclosure and Transparency Rules.

In addition the Company has today been notified that the following transactions took place involving directors of the Company:

Name	Date	Transaction Details	No. of Shares Held Post Transaction	% Held Post Transaction
Jim Dodkins	22 May 2008	Sale of 40,000 ordinary shares at 26p per ordinary share	366,766	1.48
Michael Tinling	22 May 2008	Purchase of 88,000 ordinary shares at 26p per ordinary share	348,284	1.40
Peter English	22 May 2008	Purchase of 37,234 ordinary shares at 26p per ordinary share	537,234	2.17

Enquiries:

IS Solutions

John Lythall - Director            01932 893333

Brewin Dolphin Limited

Jon Fitzpatrick - Director        0845 213 4222

 

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