Exercise of Options & Directors Dealings

RNS Number : 8450A

Portmeirion Group PLC

04 April 2012

 



Portmeirion Group PLC

(the "Company")

Exercise of Options & Directors Dealings

4 April 2012

The Company announces that on 4 April 2012 Mr Brett Phillips, Finance Director, exercised options under The Portmeirion 2002 Share Option Scheme to subscribe for a total of 24,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at an exercise price of 260p each.  Accordingly, the Company has issued and allotted 24,000 Ordinary Shares.

Application has been made for 24,000 Ordinary Shares to be admitted to trading on AIM and trading of these shares is expected to commence on or around 5 April 2012.

The Company was also informed on 4 April 2012 that on 4 April 2012 Mr Phillips subsequently sold a total of 13,575 Ordinary Shares at 520p per share; this amount largely being sufficient to pay the associated costs. Mrs Delia Phillips, wife of Mr Phillips has also sold 4,500 Ordinary Shares at 520p per share. Following the exercise and sale, Mr Phillips has increased his interest in the Company to 53,880 Ordinary Shares representing 0.53% of the issued share capital of the Company.

Following this notification, the Company has 10,752,174 Ordinary Shares in issue and 10,253,956 Ordinary Shares with voting rights.  The total number of Ordinary Shares now held by the Company in treasury is 498,218. 

Enquiries:
Dick Steele	Non-executive Chairman	01782 744721
Brett Philips	Group Finance Director	01782 744721
Pelham Bell Pottinger		020 7861 3881
Dan De Belder
Seymour Pierce Limited (Nominated Adviser and Broker)		020 7107 8000
Freddy Crossley/ Catherine Leftley	Corporate Finance
David Banks/Katie Ratner	Corporate Broking

 

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