Director/PDMR Shareholding

RNS Number : 1686X
Spice PLC
10 August 2009
 



10 August 2009


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


Spice, the provider of Total Utility Support Services, has today been notified of the following share dealings by PDMRs.


Mandy AtkinsonFinance Director of the Company's Distribution Division, has exercised 682,123 share options, and then sold 306,592 of those shares at £0.7123 per share, under the Company's non-approved and approved share option plans, EMI scheme and Performance Share Plan Mandy Atkinson's revised shareholding in Spice, including connected parties, has increased to 428,891 ordinary shares of 2 pence each (representing approximately 0.1 per cent. of the ordinary issued share capital of the Company). The average option exercise price per share was £0.1475 and the total option cost was £100,625, before taking account of payroll taxes. After taking account of the exercise of share options, the total number of options held by Mandy Atkinson under all option schemes is 10,488


Lee Johnstone, Group Financial Controller and Company Secretary, has transferred 19,314 shares to his spouse at £nil per share on 7 August 2009 to best manage his tax affairs. Lee Johnstone's shareholding in Spice, including connected parties, has remained at 39,580 ordinary shares of 2 pence each (representing approximately 0.01 per cent. of the ordinary issued share capital of the Company).


This disclosure has been made for the purposes DTR 3.1.4(1)(a). The transactions took place in Leeds and London.  The above option exercises were satisfied from existing shares held within the Company's Employee Benefit Trust.


Ends


Spice plc 

Tel: 0113 201 2120

Simon Rigby, Chief Executive Officer

 

Oliver Lightowlers, Group Finance Director

 

 

 

Financial Dynamics

Tel: 020 7831 3113

Billy Clegg

 

Caroline Stewart  

 

 

 

KBC Peel Hunt (Broker)

Tel: 020 7418 8900

Julian Blunt (Corporate finance)

 

Matthew Tyler (Corporate broking) 

 


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, although the range of activities has since been expanded into other niche areas. The Group is organised into two divisions to match its utility customer base; a Supply Division; and a Distribution Division.  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.



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