Notification of interests

RNS Number : 5587J

Helical Bar PLC

31 March 2010

 



31 March 2010

HELICAL BAR PLC ("Helical Bar "or "the Company")

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PARTIES

The Company was informed today that the following transactions had taken place:

1.         Exercise of Share Options

            On 30 March 2010 subscription options over 320,510 ordinary 1p shares were exercised.

These options were originally granted in 2002 and have been exercised by the following director:

Jack Pitman

A subscription option over 299,310 ordinary 1p shares exercised at 141.50p per share, originally granted over 59,862 ordinary 5p shares at 707.50p per share, in accordance with the rules of the Helical Bar 1999 Share Option Scheme.

A subscription option over 21,200 ordinary 1p shares exercised at 141.50p per share, originally granted over 4,240 ordinary 5p shares at 707.50p per share, in accordance with the rules of the Helical Bar 1999 Approved Share Option Scheme.

2.         Sale of shares

On 30 March 2010 Jack Pitman sold 207,500 shares in the Company at 336.06p per share to provide funds for the exercise of the share options and the payment of tax liabilities.  He has retained the remaining 113,010 shares.

3.         Directors' Interests in Shares

Following these transactions the interests in shares of Jack Pitman are as follows:

	Shares  Held		Unvested Performance Share Plan Awards
Jack Pitman	401,263	(0.37%)	676,545

Contact:          T J Murphy                                         020 7629 0113

Date of Notification                           31 March 2010

 

END

 

 

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