Directors' Dealing
September 26 2005 - 9:22AM
UK Regulatory
RNS Number:7525R
Eicom PLC
26 September 2005
FOR IMMEDIATE RELEASE 26th September 2005
EICOM PLC ("Eicom" or "the Company")
Directors' Dealings
Eicom announces the following transactions in its shares;
John Sanderson, Stephen Timmins and Paul Fowler today notified the Company that
they have each purchased 500,000 Eicom Ordinary Shares in the open market
at a price of 0.73p per share
In addition the Company has allotted 746,662 Ordinary Shares with a nominal
value of 0.5p at 0.625p to Avonglen Limited under an agreement whereby Avonglen
Limited receives shares in part payment for the non-executive director services
of William Harris. An application will be made for these shares to be admitted
to AIM, and trading is expected to commence on 30 September 2005.
As a result of these transactions the directors have the following beneficial
ownership in the enlarged share capital of the Company;
Name of Director No. of Shares Percentage of
Issued Capital
John Sanderson 3,626,771 0.8%
Stephen Timmins 13,604,798 3.0%
Paul Fowler 6,815,196 1.5%
William Harris 4,989,086 1.1%
Commenting on the share purchase, Eicom Chief Executive, Steve Timmins said:
"This is the first opportunity we have had for some time to purchase shares and
I am delighted that we are able to demonstrate our confidence in the Company's
future by so doing."
For further information contact:
Eicom plc
Steve Timmins, Chief Executive 07005 964091
Grant Thornton Corporate Finance
Fiona Reid 020 7383 5100
Bankside Consultants
Sue Scott/Michael Padley 020 7367 8888
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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