NewMedia SPARK PLC
30 September 2005
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
NewMedia Spark plc
2) Name of director
Andrew Carruthers
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of
a non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 or in
respect of a non-beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them (if notified)
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
6) Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non
discretionary
7) Number of shares/amount of stock acquired
8) Percentage of issued class
9) Number of shares/amount of stock disposed
10) Percentage of issued class
11) Class of security
12) Price per share
13) Date of transaction
14) Date company informed
15) Total holding following this notification
16) Total percentage holding of issued class following this notification
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
30 September 2005
18) Period during which or date on which exercisable
Exercisable from the date each year that it is confirmed by the
Remuneration Committee that the performance targets have been achieved for
the year in question. Exercisable up to 29 September 2015.
19) Total amount paid (if any) for grant of the option
Nil
20) Description of shares or debentures involved: class, number
6,818,182 Ordinary 2.5p shares
21) Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise
11p
22) Total number of shares or debentures over which options held following this
notification
8,098,182
23) Any additional information
One fifth of the share options awarded will vest each year from 2006 to
2010 subject to meeting performance targets. The performance target will be
assessed after completion of the annual audit for the years 2006 to 2010.
The performance target is growth in net assets per share. Growth in net
assets per share in excess of 10% per annum over five years (61% in total)
will lead to all options vesting. Growth in net assets per share less
than 5% per annum will lead to no options vesting. Performance between 5%
and 10% per annum will lead to options vesting proportionately.
Further details of the executive share option scheme are available in the
Notice of Annual General Meeting 2005, available for download from
www.newmediaspark.com. The scheme was approved by the shareholders of
NewMedia SPARK at the Annual General Meeting held on 15 September 2005.
24) Name of contact and telephone number for queries
Andrew Betton, Company Secretary & Finance Director, 020 7851 7721
25) Name and signature of authorised company official responsible for making
this notification
As above
Date of Notification
30 September 2005
This information is provided by RNS
The company news service from the London Stock Exchange
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