Director/PDMR Shareholding
September 14 2006 - 12:42PM
UK Regulatory
RNS Number:9885I
March Networks Corporation
14 September 2006
14 September 2006
March Networks Corporation ("March" or the "Company")
Directors/PDMR shareholdings
The Company was notified on 13 September 2006 that, on the same day, Wesley
Clover Corporation, the company's principal shareholder controlled by Sir
Terence Matthews, Chairman of the Company, disposed of 1,000,000 common shares
("Common Shares") in the Company at a price of $19.50 per Common Share. As a
result of this disposal Mr. Matthews' remaining beneficial interest is 3,150,329
Common Shares, which represents 18.94% of the current issued share capital.
As per the Canadian regulations this transaction was pre-announced on 5
September and provides Wesley Clover with the funds required for investment in
other portfolio companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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