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Mapeley Limited (MAY)

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Wednesday 07 January, 2009

Mapeley Limited

Employee Share Scheme Sale

RNS Number : 2837L
Mapeley Limited
07 January 2009
 

MAPELEY LIMITED


EMPLOYEE SHARE SCHEME SALE



Mapeley Limited announces that following the vesting of shares under the Company's share scheme, 54,446 ordinary shares were sold on behalf of Jamie Hopkins, formerly chief executive officer of Mapeley.  The sale was made to provide funds to meet his tax and national insurance liabilities, as required under the rules of the Company's share scheme.  The rules of the share scheme require that these sales happen automatically when share awards vest in order to provide the funds to meet the employees' tax and national insurance liabilities, which are triggered by vesting. 


Following this sale Mr Hopkins has an interest in 129,984 ordinary shares, representing 0.44% of the issued share capital of the Company.



ENDS


Date7 January 2008


Contact: Nicola Perkins, Investor Relations, Mapeley

               [email protected]

               Tel: +44 (0)20 7788 1882


This information is provided by RNS
The company news service from the London Stock Exchange
 
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