Northacre PLC Director/PDMR Shareholding (9240V)
January 18 2013 - 9:38AM
UK Regulatory
TIDMNTA
RNS Number : 9240V
Northacre PLC
18 January 2013
18 January 2013
Northacre PLC
("Northacre" or the "Company")
Directors' Dealings
Following the recommended cash offer by Spadille Limited
('Spadille') for Northacre announced on 17 January 2013, Northacre
announces that on 17 January 2013, Klas Nilsson, Executive Chairman
of Northacre, sold 5,000,000 ordinary shares of Northacre to
Spadille Limited at a price of 96p per share. These shares are
equal to 18.7 per cent of the issued ordinary share capital of
Northacre. Mr Nilsson now holds no interest in the Company.
The Company also announces that on 16 January 2013 Mohamed
AlRafi contractually agreed to sell 135,000 shares to Spadille at a
price of 96p per share, subject to his shares being dematerialised
into certificated form, and Mohamed AlRafi, through his investment
company MAR Investments Limited, sold 7,850,000 ordinary shares of
Northacre to Spadille at a price of 96p per share. Together, these
shares are equal to 29.9 per cent of the issued ordinary share
capital of Northacre. Following the disposal of his personal
shares, Mr AlRafi's will hold no interest, direct or indirect, in
the Company.
Enquiries:
Northacre PLC
Ken MacRae (Chief Executive Officer & Finance Director)
Klas Nilsson (Chairman)
Tel: (020) 7349 8000
Daniel Stewart & Company
Antony Legge
James Thomas
Tel: (020) 7776 6550
Hudson Sandler Ltd
Michael Sandler
Tel: (020) 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
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