Share dealings by a director

RNS Number : 7932N

Spice PLC

24 February 2009

 



24 February 2009

Share dealings by a director of Spice plc ("Spice" or "the Company")

Simon Rigby, Chief Executive Officer of Spice, has today exercised 1,113,491 share options under the Company's Performance Share Plan. Simon Rigby's revised shareholding in Spice, including connected parties, has increased to 29,866,926 shares (representing approximately 8.6 per cent. of the ordinary issued share capital of the Company).

The option exercise price per share was £nil and the total option cost was £nil, before taking account of all payroll taxes which have been funded by Simon Rigby. After taking account of the exercise of share options, the total number of options held by Simon Rigby under all option schemes is 3,781,032. 

This disclosure has been made for the purposes DTR3.1.4(1)(a) and (c). The transactions took place in Leeds.

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Enquiries:
Spice plc	Tel: [phone]
Simon Rigby, Chief Executive Officer
Oliver Lightowlers, Group Finance Director
Andy Catchpole, Group Strategy and Development Director
Financial Dynamics	Tel: [phone]
Billy Clegg
Caroline Stewart
KBC Peel Hunt (Broker)	Tel: [phone]
Julian Blunt

NOTES TO EDITORS

Spice plc

Spice is a total utility infrastructure support services business. The Group's operations were founded in 1996 and have their origins in the electricity industry, although the range of activities has since been expanded into other niche areas. The Group is organised into two divisions to match its utility customer base; a Supply Division; and a Distribution Division.  Spice's businesses have a common theme of delivering and co-ordinating infrastructure services to customers, and the technological element within the product mix has been built up significantly over the course of the last three years.

 

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