Director/PDMR Shareholding
June 26 2007 - 8:29AM
UK Regulatory
RNS Number:0355Z
Vanco PLC
26 June 2007
Vanco plc ("the Company") Director Shareholding
Vanco plc announces that two Directors of the Company yesterday sold the
following Ordinary Shares of 5p each in the Company.
Name Number of Number of Total Price per Percentage
Ordinary Ordinary Number of Ordinary holding
Shares Shares Sold Ordinary Share after sale
Prior to Shares Now (%)
Sale Held
Simon Hargreaves 756,373 160,000 596,373 430p 0.93%
Ted Raffetto 89,389 40,000 49,389 430p 0.07%
As regards Simon Hargreaves, the sale of shares reported above is principally in
order to provide sufficient funds to cover, both the acquisition price for
175,000 Ordinary Shares in Vanco plc issued on 18 April 2007 (pursuant to the
vesting and exchange of shares under the Vanco Group Limited Incentive Scheme
which took place on that date) and the resulting PAYE and capital gains tax
liabilities resulting from that vesting.
Over the twelve month period to date, Simon Hargreaves' shareholding in Vanco
increased from 571,373 Ordinary Shares to 756,373 Ordinary Shares and following
the sale, he now holds 596,373 Ordinary Shares in Vanco. A further 175,000
Ordinary shares are due to be issued to him under the terms of the scheme in
April 2008.
For further information please contact:
Vanco plc
Simon Hargreaves, Managing Director, Vanco Solutions, and Group Finance Director
T. +44 (0) 208 6361700
Steve Dyde, Company Secretary
T. +44 (0) 208 6361700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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