Directors' Interests
Helical Bar PLC
22 December 2006
22 December 2006
HELICAL BAR PLC
NOTIFICATION OF INTERESTS OF DIRECTORS AND
CONNECTED PARTIES
HELICAL BAR PLC ('Helical Bar' or 'the Company')
The Company was informed that the following transactions had taken place:
1. Share Incentive Plan
The Company was informed on 21st December 2006 that on the
20th December 2006, under the rules of the Helical Bar plc Share Incentive
Plan ('the Plan'), Helical Bar Trustees Limited, using contributions to
the Plan by directors and employees matched in a 2:1 ratio by the Company, had
awarded 4,095 ordinary 1p shares to directors and employees at the closing
mid-market price on 19th December 2006 of 500.0p.
Shares awarded to the directors were as follows:
Director Number of Shares
Michael Slade 225
Nigel McNair Scott 225
Gerald Kaye 225
Michael Brown 225
2. Exercise of Share Options
On 21st December 2006 options over 429,500 new ordinary 1p shares
were exercised in accordance with the rules of the Helical Bar 1999 Share
Option Scheme and options over 770,500 ordinary 1p shares held by the Company's
ESOP Trust were exercised in accordance with the Senior Executive 1988 Share
Option Scheme. Following the exercise of these options the Company had
95,719,432 ordinary 1p shares in issue.
Included in these transactions are options exercised by the following Directors:
Michael Slade
Options over 770,500 shares exercised at 1p per share, originally granted over
1,000,000 shares at 113.00p per share.
Nigel McNair Scott
Options over 429,500 shares exercised at 1p per share, originally granted over
523,335 shares at 88.50p per share.
3. Sale of Shares
On 21st December 2006 the following Directors sold shares in the Company:
Michael Slade
770,500 shares sold at 490.00p per share
Nigel McNair Scott
429,500 shares sold at 490.00p per share
4. Helical Bar plc Employee Share Ownership Trust ('ESOP')
On 21st December 2006 the Company's ESOP holding of ordinary 1p shares reduced
from 5,145,201 (5.4%) ordinary 1p shares to 4,374,701 (4.6%) ordinary 1p shares
following the exercise of options and sale of shares by Michael Slade.
5. Directors' Interests in Shares
Following these transactions the Directors' interests in shares are as follows:
Director Shares Held Share Options Performance
Share Plan
Michael Slade 12,685,627 (13.3%) 1,740,000 1,661,159
Nigel McNair Scott 2,015,038 (2.1%) 761,665 944,475
Gerald Kaye 979,900 (1.0%) 1,315,990 864,746
Michael Brown 909,105 (1.0%) 1,065,985 864,746
Contact: T J Murphy 020 7629 0113
Date of Notification 22nd December 2006
This information is provided by RNS
The company news service from the London Stock Exchange