Regulatory News item
REG-Noble Investments Directors' Dealings and Grant of Options
Released: 05/11/2009
Released: 05/11/2009
com:20091105:RnsE0412C
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RNS Number : 0412C
Noble Investments (UK) PLC
05 November 2009
Noble Investments (UK) Plc
(the "Company")
Directors dealings
The Company has been notified today of the following exercises of existing
options (the "Existing Options") over ordinary shares of 1p each (the "Ordinary
Shares") by directors (and certain employees) of the Company on 5 November 2009
at an exercise price of 58p. The majority of these new shares have subsequently
been sold to the Company's newly formed Employee Benefit Trust (the "Trust"),
such shares to be held for the benefit of future exercises of options under the
Company's option schemes:
Name Number of Ordinary Shares Exercised Number of Ordinary Shares Sold Price Subsequent Total Beneficial Interest % Voting Rights
At Which Shares Sold - Pence
IG Goldbart 195,000 195,000 102.5 1,649,602 10.01
DG Loulakakis 35,000 35,000 102.5 166,219 1.01
SJ Freeman 80,000 79,000 102.5 1,000 0.01
JHJ Allen 75,000 75,000 102.5 336,498 2.04
AHE Baldwin 150,000 150,000 102.5 258,621 1.57
RK McDonald 50,000 50,000 102.5 818,955 4.97
SJ Mollekin - 37,500 102.5 30,092 0.18
The Company will satisfy the exercise of the Existing Options through the issue
of 720,000 new Ordinary Shares, including those detailed in the table above. The
new Ordinary Shares issued will be admitted to trading on AIM under the
Company's blocklisting and will increase the Company's issued share capital to
16,485,894 shares.
The Trust has acquired 719,000 of the Shares referred to above in addition to
37,500 Shares remaining from the exercise of a director's (SJ Mollekin) option
in 2008, each at a price of 102.5 per Ordinary Share. Following these
transactions, the Trust now holds 756,500 Ordinary Shares which represents 4.59%
of the current issued share capital. The Trust has been established by the
Company to enable the incentivisation and reward of directors and employees
through the issue of share options over the Company's shares held by the Trust.
In addition, the Company has today issued a further 630,000 options (the "New
Options") over Ordinary Shares to directors (and certain employees) at an
exercise price of 103p and which are exercisable between November 2011 and
November 2014 and are subject to the achievement of certain performance
criteria.
Details of the grant of New Options to the directors are set out below:
Name Number of Ordinary Shares under Option
IG Goldbart 95,000
DG Loulakakis 17,500
SJ Freeman 50,000
JHJ Allen 37,500
AHE Baldwin 65,000
RK McDonald 25,000
SJ Mollekin 25,000
E Dunnoos 25,000
For the purpose of the Financial Services Authority's Disclosure and
Transparency Rules, the Company's total issued share capital at the date of this
notice consists of 16,485,894 Ordinary Shares of 1 pence each, with one voting
right per share. There are no shares held in treasury.
The total number of voting rights in the Company is therefore 16,485,894.
The above figure of 16,485,894 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify
their interest, or a change to their interest in, the Company, under the
Disclosure and Transparency Rules.
For further information, please contact:
Noble Investments (UK) Plc +44 (0)20 7930 6879
Ian Goldbart/Denis O'Leary
Collins Stewart Europe Limited +44 (0)20 7523 8350
Adrian Hadden/Stewart Wallace
This information is provided by RNS
The company news service from the London Stock Exchange
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