Director/PDMR Shareholding
December 15 2005 - 9:57AM
UK Regulatory
RNS Number:7442V
Computerland UK PLC
15 December 2005
15 December 2005
ComputerLand UK PLC ("the Company")
Director Shareholdings
ComputerLand UK PLC announces that on 14 December 2005, 60,000 options over
ordinary shares were exercised under the ComputerLand UK PLC Unapproved Share
Option Scheme at an exercise price of 70 pence per ordinary share.
The following directors exercised options over ordinary shares in the Company on
14 December 2005 at 70p per ordinary share under the ComputerLand UK PLC
Unapproved Share Option Scheme.
Director Number of shares
Michael Kent 20,000
Simon Lawless 20,000
Martyn Donnelly 20,000
On 15 December 2005, Simon Lawless, Michael Kent and Martyn Donnelly disposed of
20,000 ordinary shares each at a price of 138 1/2 pence per ordinary share.
Following the disposal Simon Lawless holds 35,000 ordinary shares representing
0.34 per cent. of the issued share capital of the Company.
As a result, these Directors are now interested in the following number of share
options over Ordinary Shares:
Director Total number of Ordinary
Shares over which options
held following this notification
Martyn Donnelly 45,000
Michael Kent 115,000
Simon Lawless 45,000
In addition the Trustee of The ComputerLand Employees Share Trust (the "Employee
Benefit Trust") has notified the Company of the following transactions in the
share capital of the Company:
- on the 14 December 2005 it disposed of 60,000 Ordinary Shares to satisfy
the exercise of share options as outlined above;
- on the 15 December 2005 it acquired 60,000 Ordinary Shares in the capital
of the Company at a price of 138 1/2p per Ordinary Share.
The Employee Benefit Trust holds these shares on a discretionary trust for
beneficiaries (which include all employees). The beneficiaries of the Employee
Benefit Trust include the directors of the Company who are therefore interested
in the shares being acquired. The acquisition of 60,000 ordinary shares was for
the purposes of the Computerland UK PLC share option schemes and, consequently,
some or all of the executive directors of the Company may, at some future time,
obtain a further beneficial interest in a number of these shares if and when
awards are made under these schemes.
As a result of these transactions the Employee Benefit Trust remains interested
in 114,094 ordinary shares which represents 1.12 per cent. of the issued share
capital of the Company.
Enquiries:
Mike Kent
ComputerLand UK PLC
Finance Director
0115 9318000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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