Purchase of shares

RNS Number : 3242E

Spice PLC

17 December 2009

 



17 December 2009

Spice plc

Purchase of Shares for the Trustees of the Freedom Group Employee Share Ownership Plan 

Spice plc ("Spice or "the Company") announces that on 15 and 16 December 2009, the Trustees of the Freedom Group Employee Share Ownership Plan ("ESOP") purchased 4,195,000 ordinary shares of 2p each in the Company at an average price of 53.098p per share and 1,285,000 ordinary shares of 2p each in the Company at an average price of 58.37p per share respectively. Following these purchases, the total number of shares in Spice held by the ESOP is 5,505,543. This represents approximately 1.56 per cent of the issued share capital of the Company.

These shares were acquired to satisfy needs arising under Spice's existing employee share schemes in which employees and executive directors participate.

Ends

Spice plc                                                                                                        

Tel: [phone]

Simon Rigby, Chief Executive Officer

Oliver Lightowlers, Group Finance Director

Julia Morton, Company Secretary

Financial Dynamics                                                                                       

Tel: [phone]

Billy Clegg

Caroline Stewart  

KBC Peel Hunt (Broker)                                                                              

Tel: [phone]

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.

 

END

 

 

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