Director/PDMR Shareholding
January 15 2009 - 4:54AM
UK Regulatory
TIDMLSR
RNS Number : 6858L
Local Shopping REIT (The) PLC
15 January 2009
15 January 2009
The Local Shopping REIT plc
The Local Shopping REIT plc announces that on 14 January 2009 it received the
following notification from Castlemore Holdings Limited, regarding share
interests of Grahame Whateley, the chairman of The Local Shopping REIT plc.
"In view of the announcement issued by the Financial Services Authority in its
role as the UK Listing Authority on 9 January 2009 to the effect that PDMRs who
have granted security over their shares should disclose this to the market as
soon as possible, Grahame Whateley, Castlemore Holdings Ltd ("the Company") and
the Castlemore Securities Directors Pension Scheme ("the Scheme"), as connected
persons with Grahame Whateley, wish to notify you of an arrangement entered into
in respect of certain shares in The Local Shopping REIT plc in which Grahame
Whateley is interested.
On 11 March 2008 the Company, of which Grahame Whateley is a director and is
ultimately controlled by several Whateley Family Trusts, granted a charge in
favour of the Scheme over 3,000,000 shares in The Local Shopping REIT plc as
security for a loan by the Scheme to the Company and/or its subsidiaries.
The Scheme is sponsored by a subsidiary of the Company and remains in the
control of the Whateley family. Grahame Whateley is the principal beneficiary of
the Scheme and he and his spouse are the only beneficiaries of the Scheme. Both
the Scheme and the Company remain within the control of the Whateley family and
its trustees."
END
Enquiries:
William A Heaney
Company Secretary
020 7292 0333
This information is provided by RNS
The company news service from the London Stock Exchange
END
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