Notification of interests

RNS Number : 8903C

Helical Bar PLC

05 September 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 5 September 2008 subscriptions options over 135,580 new ordinary 1p shares were exercised in accordance with the rules of the Helical Bar 1999 Approved Share Option Scheme. These options were originally granted on 8 March 1999 and had to be exercised before 7 March 2009.

Following the exercise of these options the Company had 97,201,912 ordinary 1p shares in issue.

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

Michael Slade

Options over 33,895 shares exercised at 88.5p per share.

Nigel McNair Scott

Options over 33,895 shares exercised at 88.5p per share.

Michael Brown

Options over 33,895 shares exercised at 88.5p per share.

Gerald Kaye

Options over 33,895 shares exercised at 88.5p per share.

2.    Sale of Shares

On 5 September 2008 the following Directors sold shares in the Company:

Michael Slade

33,895 shares sold at 318.8p per share.

Nigel McNair Scott

33,895 shares sold at 318.8p per share.

Michael Brown

33,895 shares sold at 318.8p per share.

Gerald Kaye

33,895 shares sold at 318.8p per share.

3.    Directors' Interests in Shares

Following these transactions the interests of Michael Slade, Nigel McNair Scott, Michael Brown and Gerald Kaye in the shares of the Company are as follows:

	Shares Held	Share Options	Performance Share Plan
Michael Slade	13,132,076 (13.5%)	740,000	1,424,061
Nigel McNair Scott	2,238,349 (2.3%)	360,000	911,410
Michael Brown	1,134,304 (1.2%)	502,090	1,045,390
Gerald Kaye	1,205,099 (1.2%)	647,095	959,907

Contact:                            T J Murphy (020 7629 0113)

Date of Notification:        5 September 2008

 

END

 

 

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