ABL Ablon

 

TIDMABL 
 
RNS Number : 4431P 
Ablon Group Limited 
25 March 2009 
 

 Ablon Group Limited 
 
 
Management Shares Released from Lock in Period 
 
 
Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and 
developer in Central and Eastern Europe, today updates shareholders on the 
announcement dated 26th March 2008 regarding the allocation of shares as part of 
Senior Management's long term incentive plan. 
 
 
Within the Admission Document at the time of Ablon's Initial Public Offering in 
February 2007, a long term incentive scheme was approved by the Board.  As 
announced on 26th March 2008, a total of 744,820 were alloted as part of the 
plan. As of 25th March 2009, these shares have been released from the lock in 
period and have consequently become ordinary shares. As of 25th March 2009, a 
total of 24,200 shares were cancelled due to the departure of a number of 
employees before the end of the lock in period. 
 
 
The Company also confirms that the total number of ordinary shares in the 
Company with voting rights following the allotment is 109,564,178 and that there 
is a total of 20,541 ordinary shares held in treasury. The above figure of 
109,564,178 ordinary shares may be used by shareholders as the denominator for 
any calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, the Company under the FSA's 
Disclosure and Transparency Rules. 
 
 
In accordance with the incentive plan, 527,130 shares have been alloted to 
Senior Management, with the remaining 217,690 shares alloted to other staff 
members. 
 
 
The 527,130 shares that have been allocated to Senior Management are as follows: 
 
 
+---------------------------------+----------------+--------------+----------------+ 
| Director Name                   |         Shares |        Total |     % of Total | 
|                                 |       Allotted |      Holding |  Share Capital | 
+---------------------------------+----------------+--------------+----------------+ 
|                                 |                |              |                | 
+---------------------------------+----------------+--------------+----------------+ 
| Uri Heller, Chief Executive     |        368,082 |   33,653,083 |         30.71% | 
| Officer                         |                |              |                | 
+---------------------------------+----------------+--------------+----------------+ 
| Adrienn Lovro, Director         |         45,792 |    3,475,792 |          3.17% | 
+---------------------------------+----------------+--------------+----------------+ 
| Daniel Avidan, Chief Financial  |        113,256 |      133,256 |          0.12% | 
| Officer                         |                |              |                | 
+---------------------------------+----------------+--------------+----------------+ 
 
 
-ends- 
 
 
Date: 25th March 2009 
 
 
For further information, please contact: 
 
 
Ablon Group Limited 
Daniel Avidan, CFO 
Tel. +36 1 225 6600 
 
 
KBC Peel Hunt Limited 
Capel Irwin 
Tel. +44 (0)20 7418 8900 
 
 
City Profile 
William Attwell 
Tel. +44 (0)20 7448 3244 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSDGGZFLKMGLZG 
 

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