Terrace Hill Group PLC
20 July 2006
Terrace Hill Group plc ('Terrace Hill' or the 'Company')
Employee Benefit Trust
The Company announces that on 19 July 2006 it received notification from
Bailhache Labesse Trustees Limited (the 'Trustee') in its capacity as trustee of
the Terrace Hill Group Employee Benefit Trust (the 'Trust') that on 18 July 2006
the Trustee purchased 75,000 ordinary shares of 2p each in the Company at a
price of 59 pence per share. The Trust holds 75,000 ordinary shares in Terrace
Hill representing 0.04% of the current issued share capital of the Company.
For the purposes of the Companies Act 1985 the Executive Directors of the
Company, being Robert Adair (Chairman), Philip Leech (Managing Director) and Tom
Walsh (Finance Director), have an interest in the shares acquired by the Trustee
as they are potential beneficiaries of the Trust. The Trust was established to
facilitate the operation of the Terrace Hill Group Performance Share Plan (the '
Plan') and it is intended that the shares purchased by the Trust will be used to
satisfy awards under the Plan (which it is intended will include awards to
certain directors of Terrace Hill).
For further information please contact:
Tom Walsh, Terrace Hill Group plc Tel: 020 7631 1666
Alasdair Robinson, Noble & Company Limited Tel: 0131 225 9677
This information is provided by RNS
The company news service from the London Stock Exchange
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