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Artemis AiM VCT2 PLC (AAM)

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Thursday 14 April, 2005

Artemis AiM VCT2 PLC

Director Shareholding

Artemis AiM VCT 2 PLC
14 April 2005

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


    1)Name of company

    Artemis AiM VCT 2 plc

    2) Name of director

    Fiona Elizabeth Wollocombe

    3) Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder if it is a
    holding of that person's spouse or children under the age of 18 or in
    respect of a non-beneficial interest

    The holding is in respect of the person named in 2 above. Beneficial
    Interest.

    4) Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them (if notified)

    Fiona Elizabeth Wollocombe

    5) Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

    6) Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    Purchase for cash under offers for subscription

    7) Number of shares/amount of
    stock acquired

    10,300 shares

    8) Percentage of issued class

    0.026%

    9) Number of shares/amount
    of stock disposed

    N/A

    10) Percentage of issued class

    N/A

    11) Class of security

    ordinary shares of 10p each

    12) Price per share

    £1.00

    13) Date of transaction

    14 April 2005

    14) Date company informed

    14 April 2005

    15) Total holding following this notification

    20,600 ordinary shares of 10p each

    16) Total percentage holding of issued class following this notification

    0.052%

    17) Name of contact and telephone number for queries

    Billy Aitken

    Artemis Investment Management Limited, Company Secretary

    0131 225 7300



    18) Name and signature of authorised company official responsible for
    making this notification

    Mark Murray





    Date of Notification: 14 APRIL 2005



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