Soco International PLC
18 December 2007
SOCO International plc
('SOCO' or the 'Company')
DIRECTORS/PDMR SHAREHOLDING
The Company was informed today by the Trustees of the SOCO Employee Benefit Plan
('the Trust') that on 18 December 2007, in accordance with the Company's Long
Term Incentive Plan, ('LTIP') and as a result of the exercise of relevant
nil-price LTIP option awards, the Trust released a total of 107,520 SOCO
International plc ordinary shares of £0.20 each ('Shares'). As a result of the
release of Shares, the Trust is now interested in 2,165,780 Shares, representing
2.98% of the total voting rights of the Company.
The Company further announces that on the same day, Mr Ed Story, Mr Roger Cagle,
Executive Directors of the Company, and Mrs Cynthia Cagle, a Person Discharging
Managerial Responsibility, exercised nil-price LTIP option awards in order to
comply with certain tax regulations requiring exercise by year end 2007, and
sold Shares at an average price of £20.32 to cover resulting tax obligations, as
further detailed below:
Ed Story Roger Cagle Cynthia Cagle
TRANSACTIONS
Exercise of LTIP option awards 48,440 33,920 25,160
Percentage of voting rights 0.07% 0.05% 0.03%
Shares sold 17,700 13,950 10,350
Percentage of voting rights 0.02% 0.02% 0.01%
RESULTING SITUATION
Shares held 1,567,988 469,443 281,583
Percentage of voting rights 2.15% 0.64% 0.39%
Options held 2,743,234 1,530,057 859,449
ENQUIRIES:
SOCO International plc
Roger Cagle, Deputy Chief Executive and Chief Financial Officer
Tel: 020 7747 2000
Pelham Public Relations
James Henderson, tel: 020 7743 6673
Alisdair Haythornthwaite, tel: 020 7743 6676
This information is provided by RNS
The company news service from the London Stock Exchange
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