Radstone Technology PLC
12 July 2005
FOR IMMEDIATE RELEASE 12 July 2005
Radstone Technology PLC (the "Company")
The Company has been informed that Water Lane Trustees Limited, the Trustee of
the Radstone Technology Employee Trust, acquired a further 29,148 ordinary
shares of 12.5p each in the Company as follows:
4 July 2005 - 15,000 at £2.90 per share
5 July 2005 - 5,000 at £2.90 per share
7 July 2005 - 9,148 at £3.02 per share
These shares represent part of the bonuses earned by senior employees which are
converted into shares. The shares are held in trust on the employee's behalf
for a period of three years during which time their right to ownership is lost
should they leave the Company.
Following this purchase the Trust held 134,140 shares representing 0.44% of the
issued share capital of the Company.
The Trustee distributed 12,520 ordinary shares of 12.5p each in the Company to
certain employees including the Directors on 11 July 2005. These also
represented shares held by the Trust as part of the bonuses earned by senior
executives of the Company in prior years, the ownership of which became
unconditional on 1 July 2005, hence triggering the distribution.
In addition to, and at the same time as, this distribution, the Trust disposed
of 8,010 ordinary shares at £3.07 per share in order to meet the tax and
national insurance liabilities of the beneficiaries of the Trust.
Following the above disposals, the shareholdings of the Trust and the Directors
of the Company who received shares from the Trust are as follows:
Name Number of Shares Current Holding % of Issued Ordinary
(Disposed of)/ Share Capital
Received
Radstone Technology
Employee Trust (20,530) 113,610 0.38
J L Perrin 2,098 370,705 1.22
P J Cavill 2,196 100,326 0.33
This information is provided by RNS
The company news service from the London Stock Exchange
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