Director/PDMR Shareholding

RNS Number : 2452E
Spice PLC
16 December 2009
 



16 December 2009


Spice plc ("Spice" or "the Company")


Share Dealings by directors of Spice plc


Oliver Lightowlers, Group Finance Director of Spice, has exercised 383,960 share options, under the Company's Performance Share Plan. After then transferring 383,960 shares to his spouse at £nil per share on 16 December 2009, Oliver Lightowlers' revised shareholding in Spice, including connected parties, has increased to 1,402,825 ordinary shares of 2 pence each (representing approximately 0.40 per cent. of the ordinary issued share capital of the Company). After taking account of the exercise of share options, the total number of options held by Oliver Lightowlers under all option schemes is 294,684. 


The option exercise price per share was £nil and the total option cost was £nil, before taking account of all payroll taxes which have been funded by Oliver Lightowlers. This option exercise has been timed to best manage the tax affairs of Oliver Lightowlers. 


Chris Lee, Supply Director of Spice, has exercised 219,715 share options under the Company's Performance Share Plan. His revised shareholding in Spice, including connected parties, has increased to 431,924 ordinary shares of 2 pence each (representing approximately 0.12 per cent. of the ordinary issued share capital of the Company). After taking account of the exercise of share options, the total number of options held by him under all option schemes is 287,513. 


The option exercise price per share was £nil and the total option cost was £nil, before taking account of all payroll taxes which have been funded by Chris LeeThis option exercise has been timed to best manage the tax affairs of Chris Lee


This disclosure has been made for the purposes DTR 3.1.4(1) (a). The transactions took place in Leeds.


Ends


Spice plc                                                                                                                  Tel: 0113 201 2120

Simon Rigby, Chief Executive Officer

Oliver Lightowlers, Group Finance Director

Julia Morton, Company Secretary


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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