Purchase of shares by Employee Benefit Trust

RNS Number : 3215D

BowLeven Plc

05 July 2016

 

5 July 2016                                                                                                                                                                  

Bowleven plc ("Bowleven" or "the Company")

Purchase of shares by Employee Benefit Trust

Bowleven announces that, today, Osiris Trustees Limited, as trustee of the Bowleven plc Employee Benefit Trust (the "EBT"), purchased 2,317,282 ordinary shares of 10p each in the capital of the Company ("Shares") at an average price of 21.577 pence per Share.    

Immediately following the above transaction, the EBT holds 2,620,177 Shares, representing approximately 0.8% of the Company's issued share capital.  It is anticipated that all Shares held by the EBT will ultimately be used to satisfy the vesting of awards and options granted under the Company's share incentive arrangements.   

ENQUIRIES

For further information, please contact:

Bowleven plc

Kevin Hart, Chief Executive                                                        00 44 131 524 5678

Kerry Crawford, Finance Director

Brunswick Group LLP

Patrick Handley                                                                               00 44 207 404 5959

Simon Maine                                                                    

Macquarie Capital (Europe) Limited (Nomad)                                                   

Ken Fleming                                                                                     00 44 203 037 2000

Nick Stamp

 

END

 

 

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