Allotment of Shares

RNS Number : 7239X

Expro International Group PLC

27 June 2008

 



For Immediate Release

EXPRO INTERNATIONAL GROUP PLC

Expro International Group PLC ('Expro') announces that on 26 June 2008, ordinary shares of 10p were allotted to Executive Directors as set out below, following the exercise of options and/or release of awards under the Expro share schemes, in accordance with the terms of the acquisition of Expro by Umbrellastream Limited by means of a Scheme of Arrangement.

Expro International Group Performance Share Plan 2003

Name            No of shares allotted        Exercise price

Graeme Coutts          88,450                £1 in total

John McAlister        23,253                £1 in total

Gavin Prise                  5,506                £1 in total

Mike Speakman        66,588                £1 in total

Expro International Group Senior Manager Share Plan

Name            No of shares allotted        Exercise price

Gavin Prise                 1,500                           Nil

Expro International Group Share Matching Plan

Name            No of shares allotted        Exercise price

Gavin Prise                  10,546                          Nil

Expro Executive Share Option Scheme 1995

Name            No of shares allotted        Exercise price per share

Gavin Prise                   19,371                              468p

Gavin Prise                   25,132                              385p

As a result of the above transactions, the beneficial interests of the Executive Directors in Expro ordinary shares are as follows:

Name            No of shares held        Percentage of issued

                                                         capital at close of business on 26 June 2008   

Graeme Coutts        288,450                0.26%

John McAlister        29,329                0.03%

Gavin Prise                85,080                0.08%

Mike Speakman      147,520                0.13%

For further information please contact:

Expro International Group PLC                                      0118 959 1341

Melanie Cox, Deputy Company Secretary

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Expro, all 'dealings' in any 'relevant securities' of Expro (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Expro, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Takeover Code, all 'dealings' in 'relevant securities' of Expro by any potential offeror or Expro, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

 

END

 

 

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