Notification of Interests

RNS Number : 7523Z

Helical Bar PLC

23 July 2008

 



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.      Exercise of Share Options

         On 23 July 2008 subscriptions options over 1,000,000 new ordinary 1p shares were exercised in accordance with the rules of the Helical Bar 1999 Share Option Scheme.

 

Following the exercise of these options the Company had 96,732,457 ordinary 1p shares in issue.

 

Included in these transactions are options exercised by the following directors:

 

Michael Slade

Options over 700,000 shares exercised at 88.5p per share.

 

Nigel McNair Scott

Options over 300,000 shares exercised at 88.5p per share.

 

2.       Sale of Shares

 

         On 23 July 2008 the following Directors sold shares in the Company:

 

         Michael Slade

         700,000 shares sold at 300.40p per share.

 

         Nigel McNair Scott

         300,000 shares sold at 300.40p per share. 

 

 

 

3.      Directors’ Interests in Shares

 

           Following these transactions the interests of Michael Slade and Nigel McNair Scott in
            the shares of the Company are as follows

	Shares Held	Share Options	Performance Share Plan
Michael Slade	13,132,076 (13.7%)	1,040,000	1,424,061
Nigel McNair Scott	2,238,349 (2.3%)	461,665	911,410

         Contact:                             T J Murphy (020 7629 0113)

         Date of Notification:            23 July 2008

 

END

 

 

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