Inchcape PLC
13 April 2000
Obligations under Section 329 Companies Act 1985 (as amended)
Inchcape plc ('the Company') received notification on 12 April, 2000, in
accordance with Section 329 of the Companies Act 1985 (as amended), that Mourant
& Co. Trustees Limited, as trustee of The Inchcape Employee Trust ('the Trust'),
disposed of 3,102 Ordinary Shares of 150p each in the Company on 12 April, 2000
at a price of £2.90p per share.
The Trust is a discretionary trust of which all employees of the Company and its
subsidiaries are potential beneficiaries. Each of the following executive
directors of the Company is, therefore, interested in the shares held in the
Trust from time to time in the same way as the other employees of the Group:
Mr A M Ferguson
Mr P W Johnson
Mr T H Taylor
The shares were sold to employees participating in The Inchcape Deferred Bonus
Plan ('the Plan') for which shareholders' approval was obtained on 14 May, 1999.
To participate in the Plan, and employee may use a minimum of 10% and a maximum
of 50% of his or her bonus payment to buy ordinary shares in the Company.
We would also refer you to the notification given on 4 July, 1996 and 2
June,1997 regarding 758,415 ordinary shares of 25p each held in the Trust. On 12
July, 1999 one new consolidated share with a nominal value of 150p was issued in
replacement of every six ordinary shares with a nominal value of 25p each.
Each of the above mentioned executive directors of the Company is therefore
interested in a total of 123,300 shares held in the Trust.
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