Exercise of Share Options

RNS Number : 9763M

Pittards PLC

03 June 2010

 



PITTARDS PLC

(AIM: PTD)

Exercise of Share Options

Pittards plc ("Pittards" or "the Company"), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, announces that on 2 June 2010 it issued 2,633,333 new ordinary shares of 1p each pursuant to the exercise of options under the Pittards plc 2009 Matching Share Option Scheme.

Application has been made for the new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 7 June 2010.

Reginald Hankey (Chief Executive) has received 1,500,000 new ordinary shares pursuant to the exercise of options. Following this exercise, Mr Hankey is now interested in 6,281,719 shares in the Company representing approximately 1.45 per cent. of total shares in issue.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following admission of the Ordinary Shares its issued share capital will consist of 432,469,462 ordinary shares.  The Company does not hold any shares in treasury.  The total number of voting rights in the Company is therefore 432,469,462.  Shareholders may use these figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Contacts:
Pittards plc	www.pittards.com
Reg Hankey, Chief Executive	[phone]
Jill Williams, Finance Director	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
John Wakefield	[phone]

 

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