Director/PDMR Shareholding

RNS Number : 8319J
Spice PLC
09 December 2008
 



9 December 2008


Share dealings by a director of Spice plc ("Spice" or "the Company")


The Company has been notified on 8 December 2008 by Simon Rigby, Chief Executive Officer of Spice, that 25,000,000 ordinary shares of 2 pence each held in Trust have been granted as Security against bank loans made to the Trust. This security was effected on 5 December 2008.


This announcement follows the announcement on 4 April 2008 related to the Trustthe ultimate beneficiaries of which are Simon Rigby's minor children (upon reaching the age of 18)Simon Rigby is a trustee but not a beneficiary of the Trust. The granting of this security has not given rise to the disposal of any shares, nor has control of the voting rights in respect of these shares changed. Voting rights remain vested in the trustees.


Spice shares owned directly by Simon Rigby, and also shares held within his pension scheme, totalling 3,753,435 shares do not form part of this arrangement and there is no charge or security over them.


Simon Rigby's shareholding in Spice, including family interests and connected parties, remains unchanged and totals 28,753,435 shares (representing approximately 8.2 per cent of the ordinary issued share capital of the Company). Of this total shareholding, 25,000,000 shares are secured as explained above.


This notification has been made for the purposes of DTR 3.1.4R(1)(a). The granting of security took place in Leeds.


 Ends


Enquiries:


Spice plc                                                                                         Tel: 0113 201 2126

Simon Rigby, Chief Executive Officer

Oliver Lightowlers, Group Finance Director

Andy Catchpole, Group Strategy and Development Director


Financial Dynamics                                                                         Tel: 020 7831 3113

Billy Clegg

Caroline Stewart  


KBC Peel Hunt (Broker)                                                               Tel: 020 7418 8900

Julian Blunt  

   

NOTES TO EDITORS


Spice plc

Spice is a total utility infrastructure support services business. The Group's operations were founded in 1996 and have their origins in the electricity industry, though the range of activities has since been expanded into the water sector, niche telecommunications services, statutory gas inspections, energy management and facilities management. Spice's businesses have a common theme of delivering and co-ordinating infrastructure services to customers, and the technological element within the product mix has been built up significantly over the course of the last three years.


This information is provided by RNS
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