Director/PDMR Shareholding

RNS Number : 4277W
Infoserve Group PLC
28 July 2009
 




Infoserve Group Plc


Dealings by Directors


On 19 March 2008, Infoserve Group Plc (the 'Company') announced that options over 145,000 ordinary shares of 5p each ('Ordinary Shares') had been granted to David Balbi, a former director of the Company, the exercise of which would be satisfied by transfers of Ordinary Shares, at nil consideration, from three of the Company's directors, Steve Barnes, Derek Oliver and David Hood. These options have now been exercised and, accordingly, on 27 July 2009, the following share transfers took place for nil consideration:







Director





Existing Shareholding



% of issued share capital



Number of Ordinary Shares transferred 



Number of shares held following the transfer




% of issued share capital







Steve Barnes

1,709,081

8.96

(19,836)

1,689,245

8.86

Derek Oliver

1,844,760

9.67

(21,416)

1,823,344

9.56

David Hood

8,937,707

46.86

(103,748)

8,833,959

46.32




(145,000)






In addition, pursuant to a compromise agreement entered into with David Balbi on 3 March 2009, on 13 July 2009 David Balbi exercised his right to require Steve Barnes and David Hood to purchase the Ordinary Shares transferred to him by each of them at a price of 22p per share (being the approximate market price of the Ordinary Shares on the date of the compromise agreement). Following these transactionswhich took place on 28 July 2009, the shareholdings of Steve Barnes and David Hood are as follows:





Director

Number of Ordinary Shares bought back


Number of shares held following the transaction


% of issued share capital





Steve Barnes

19,836

1,709,081

8.96

David Hood

103,748

8,937,707

46.86


For further information, please contact:


Infoserve Group Plc

Steve Barnes, Chief Executive


Tel: 0113 238 6200


WH Ireland Limited

Robin Gwyn

Tel: 0161 832 2174



This information is provided by RNS
The company news service from the London Stock Exchange
 
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