Director/PDMR Shareholding

RNS Number : 9240V

Northacre PLC

18 January 2013

 



18 January 2013

Northacre PLC

("Northacre" or the "Company")

Directors' Dealings

Following the recommended cash offer by Spadille Limited ('Spadille') for Northacre announced on 17 January 2013, Northacre announces that on 17 January 2013, Klas Nilsson, Executive Chairman of Northacre, sold 5,000,000 ordinary shares of Northacre to Spadille Limited at a price of 96p per share. These shares are equal to 18.7 per cent of the issued ordinary share capital of Northacre. Mr Nilsson now holds no interest in the Company.

The Company also announces that on 16 January 2013 Mohamed AlRafi contractually agreed to sell 135,000 shares to Spadille at a price of 96p per share, subject to his shares being dematerialised into certificated form, and Mohamed AlRafi, through his investment company MAR Investments Limited, sold 7,850,000 ordinary shares of Northacre to Spadille at a price of 96p per share.  Together, these shares are equal to 29.9 per cent of the issued ordinary share capital of Northacre. Following the disposal of his personal shares, Mr AlRafi's will hold no interest, direct or indirect, in the Company.

Enquiries:

Northacre PLC

Ken MacRae (Chief Executive Officer & Finance Director)

Klas Nilsson (Chairman)

Tel: [phone]

Daniel Stewart & Company

Antony Legge

James Thomas

Tel: [phone]

Hudson Sandler Ltd

Michael Sandler

Tel: [phone]

 

END

 

 

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