REG-Infoserve Group PLC Director/PDMR ShareholdingReleased: 28/07/2009
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RNS Number : 4277W
Infoserve Group PLC
28 July 2009
Infoserve Group Plc
Dealings by Directors
On 19 March 2008, Infoserve Group Plc (the "Company") announced that options
over 145,000 ordinary shares of 5p each ("Ordinary Shares") had been granted to
David Balbi, a former director of the Company, the exercise of which would be
satisfied by transfers of Ordinary Shares, at nil consideration, from three of
the Company's directors, Steve Barnes, Derek Oliver and David Hood. These
options have now been exercised and, accordingly, on 27 July 2009, the following
share transfers took place for nil consideration:
% of issued share capital Number of Ordinary Shares transferred Number of shares held following the transfer
% of issued share capital
Existing Shareholding
Director
Steve Barnes 1,709,081 8.96 (19,836) 1,689,245 8.86
Derek Oliver 1,844,760 9.67 (21,416) 1,823,344 9.56
David Hood 8,937,707 46.86 (103,748) 8,833,959 46.32
(145,000)
In addition, pursuant to a compromise agreement entered into with David Balbi on
3 March 2009, on 13 July 2009 David Balbi exercised his right to require Steve
Barnes and David Hood to purchase the Ordinary Shares transferred to him by each
of them at a price of 22p per share (being the approximate market price of the
Ordinary Shares on the date of the compromise agreement). Following these
transactions, which took place on 28 July 2009, the shareholdings of Steve
Barnes and David Hood are as follows:
Number of Ordinary Shares bought back
Number of shares held following the transaction % of issued share capital
Director
Steve Barnes 19,836 1,709,081 8.96
David Hood 103,748 8,937,707 46.86
For further information, please contact:
Infoserve Group Plc Tel: 0113 238 6200
Steve Barnes, Chief Executive
WH Ireland Limited Tel: 0161 832 2174
Robin Gwyn
This information is provided by RNS
The company news service from the London Stock Exchange
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