Croda International PLC
06 March 2003
Croda International Plc
Croda International Plc ('Croda') announces that the Trustee of the Croda Share
Incentive Plan ('SIP') acquired on 5 March 2003 , 95000 ordinary shares in the
company for the purposes of the SIP at a price of 229.5p per share. The shares
will be used by the company to provide the matching shares to be given by the
company against the partnership shares bought by participating employees each
month. The SIP was launched in January 2003 and the first batch of partnership
shares are due to be purchased later this month.
M Humphrey and B M Richmond, directors of the company both have a potential
interest as each is contributing to the SIP.
Croda also announces that the Trustee of the Employee Benefit Trust ('the
Trust') acquired on 5 March 2003, 105,000 ordinary shares in the company for the
purposes of the Trust at a price of 229.5p per share. It is intended that these
shares will be used to satisfy exercises of options under the company's
Executive share option schemes in respect of directors and employees. The
directors, in their capacity as potential beneficiaries under the Trust, are
deemed to have acquired an interest in these shares.
M Humphrey holds options over 703,800 shares and B M Richmond holds options over
429,970 shares.
This information is provided by RNS
The company news service from the London Stock Exchange
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