Director Shareholding

RNS Number : 2636E

Cropper(James) PLC

06 February 2015

 



06 February 2015

James Cropper plc

(the "Company")

Directors' Shareholding

The Company announces that it was notified by M.A.J. Cropper on 4^th February 2015 of changes in his beneficial interests in the Company's ordinary shares of 25 pence each. These changes arise as follows:

·    M.A.J. Cropper on 30 May 2014 pledged 204,924 ordinary shares of 25p each in the Company in which he is beneficially interested in to Svenska Handelsbanken AB as security for a bank loan relating to his other business interests.  The loan has a term ending on 5^th June 2019.  The voting rights in relation to these shares remain with M.A.J. Cropper.

·    The disposal of 991 shares in which M.A.J. Cropper was beneficially interested which were held on behalf of a child trust fund for one of M.A.J. Cropper's children. Whilst the trustees automatically disposed of the shares at the time of the Company's admission to AiM in 2007 this has only recently come to light.

In addition, on 19^th December 2014 M.A.J. Cropper was appointed a trustee of a family trust, the JA Cropper 1974 Settlement.  As a result of this appointment M.A.J. Cropper's non-beneficial interest will be increased by 531,487 ordinary shares on 25p each when the share transfer to Mr Cropper as one of the trustees, which is expected shortly, becomes effective.

.

As a result of these changes the details of his holdings are as follows:

                                                Total holding of                        Percentage of

                                                Ordinary Shares                       Issued Share Capital

            Beneficial                      1,205,549*                              13.2%

            Non-beneficial                 606,826                                  7.2%

*Includes 204,924 shares pledged as security.

Enquiries:
David Carey, Company Secretary	Robert Finlay, David Coaten
James Cropper PLC (AiM:CRPR)	Westhouse Securities Limited
Tel: [phone]	Tel: [phone]
www.cropper.com	www.westhousesecurities.com

 

END

 

 

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