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RNS Number : 2203F
W.H. Ireland Group PLC
22 April 2014
 



WH Ireland Group Plc

 

(“WH Ireland” or the “Company”)

 

Exercise of options and directors’ dealings

 

The Company announces that Mr. Richard Lee, Non-Executive Director, today exercised options over 30,000 ordinary shares (“Options”) at 70 pence each pursuant to the WH Ireland Group plc Unapproved Share Option Scheme.  The Options were granted in 2004.

 

Immediately following this exercise of the Options, Mr. Lee disposed of 30,000 ordinary shares of 5 pence each (“Ordinary Shares”) at a price of 108 pence per Ordinary Share resulting in his shareholding in the Company remaining unchanged. Mr Lee continues to hold 30,267 Ordinary Shares, representing 0.13 per cent of the Company’s enlarged issued share capital.  Mr Lee has no further options over any Ordinary Shares.

 

The Company also announces that Mr Rupert Lowe, a director and Chairman of the Company, has acquired 10,000 Ordinary Shares in the Company, at a price of 108 pence per Ordinary Share and accordingly now holds 1,074,856 Ordinary Shares representing 4.51 per cent. of the total issued share capital of the Company.

 

Application has been made for the 30,000 new Ordinary Shares to be admitted to trading on AIM (“Admission”). Admission is expected to become effective on 28 April 2014 and the new Ordinary Shares will rank pari passu in all respects with the Company’s existing Ordinary Shares in issue.

 

For the purposes of the Financial Services Authority’s Disclosure and Transparency Rules (“DTRs”), the issued ordinary share capital of the Company following Admission will consist of 23,843,994 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no Ordinary Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.

 

For further information please contact:

 

WH Ireland Group plc                                                                      www.wh-ireland.co.uk

Richard Killingbeck, Chief Executive Officer                                      +44(0) 20 7220 1666

 

Panmure Gordon (UK) Limited                                                      

Hugh Morgan, Corporate Finance                                                      +44 (0)20 7886 2500

Adam Pollock, Corporate Broking     

 

MHP Communications

Reg Hoare / Jade Neal / Jamie Ricketts                                             +44(0) 20 3128 8100                                                                                                                        whireland@mhpc.com

 

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

END

 
 

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