Notification of interests
Helical Bar PLC
28 September 2007
HELICAL BAR PLC
PRESS RELEASE
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PARTIES
HELICAL BAR PLC ('Helical Bar 'or 'the Company')
The Company was informed today that the following transactions had taken place:
1. Share Incentive Plan
The Company was informed on 28 September 2007 that on that date, 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 5,350 ordinary 1p shares to directors and
employees at the closing mid-market price on 27 September 2007 of 450.0p.
Shares awarded to the directors were as follows:
Director Number of Shares
Michael Slade 388
Nigel McNair Scott 338
Michael Brown 388
Gerald Kaye 388
Matthew Bonning-Snook 249
Jack Pitman 338
2. Exercise of Share Options
On 28 September 2007 subscriptions options over 13,025 new ordinary 1p shares
were exercised in accordance with the rules of the Helical Bar 1999 Approved
Share Option Scheme and options over 899,475 ordinary 1p shares held by the
Company's ESOP Trust were exercised in accordance with the Helical Bar 1999
Share Option Scheme.
Following the exercise of these options the Company had 95,732,457 ordinary 1p
shares in issue.
Included in these transactions are options exercised by the following directors:
Michael Brown
Options over 357,100 shares exercised at 1p per share, originally granted over
530,000 shares as 150.0p per share.
Gerald Kaye
Options over 427,850 shares exercised at 1p per share, originally granted over
635,000 shares as 150.0p per share.
3. Sale of shares
On 28 September 2007 the following Directors sold shares in the Company:
Michael Brown
357,100 shares sold at 458.49p per share
Gerald Kaye
427,850 shares sold at 458.49p per share
4. Helical Bar plc Employee Ownership Trust ('ESOP')
On 28 September 2007 the Company's ESOP holding of ordinary 1p shares reduced
from 5,974,701 (6.2%) ordinary 1p shares to 5,075,226 (5.3%) ordinary 1p shares
following the exercise of options and sale of shares by employees of the
Company.
5. Directors' Interests in Shares
Following these transactions the directors' interests in shares are as follows:
Shares Held Share Options Performance
Share Plan
Michael Slade 12,687,271 (13.25%) 1,740,000 1,848,269
Nigel McNair Scott 2,016,682 (2.11 %) 761,665 1,068,945
Michael Brown 910,749 (0.95 %) 535,985 1,067,449
Gerald Kaye 981,544 (1.03%) 680,990 1,036,264
Matthew Bonning-Snook 14,886 (0.02%) 210,000 572,488
Jack Pitman 46,788 (0.05%) 641,020 554,187
Contact: T J Murphy (020 7629 0113)
Date of Notification: 28 September 2007
This information is provided by RNS
The company news service from the London Stock Exchange