AMENDMENT
Please note that the announcement released today (7th April) at 11:37hrs (RNS No: 2722Q) incorrectly showed Mr Reid's notifiable interest as '73,227 ordinary shares of which 73,127 ordinary shares are effectively registered in Mrs Reid's name'.
The announcement should have notified Mr Reid's interest as '74,399 ordinary shares of which 74,299 are effectively registered in Mrs Reid's name'.
Please see below the updated announcement.
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
1) Name of company
Midas Income & Growth Trust plc
2) State whether notification is in respect of a transaction notified in accordance with DR 3.1.4R(1)(a) or DR 3.1.4R(1)(b) or both
Both
3) Name of director
Hubert Reid
4) State whether notification relates to a person(s) connected with a person discharging managerial responsibilities/director named in 3 above and identify the connected person(s)
Mrs M Reid (wife)
5) Indicate whether notification is in respect of a holding of the person named in 3 or 4 above or in respect of a non-beneficial interest
AS IN 4
6) Class of security
ORDINARY 25p
7) Name of the registered shareholder(s) and, if more than one holder, the number of shares held by each of them (if notified)
As in 3
8) State the nature of the transaction.
Transfer of 13,561 shares from Mr Reid to his wife. Subsequent to the transfer, Mr Reid's total notifiable interest remains 74,399 ordinary shares of which 74,299 ordinary shares are effectively registered in Mrs Reid's name
9) Number of shares/amount of stock acquired
n/a
10) Percentage of issued class acquired
n/a
11) Number of shares/amount of stock disposed
13,561 transferred to Mrs M Reid.
12) Percentage of issued class disposed
0.035%
13) Price per share
n/a
14) Date of transaction
7 April 2009
15) Total holding and percentage holding of issued class following this notification
74,399 ORDINARY SHARES 0.2%
16) Date company informed
7 April 2009
Name of contact and telephone number for queries
Charles Mearns TEL: 0131 528 4132
Name and signature of authorised company official responsible for making
this notification
Charles Mearns
Date of Notification - 7 April 2009