Director/PDMR Shareholding
February 04 2008 - 12:47PM
UK Regulatory
NOTIFICATION OF INTEREST OF DIRECTORS AT KELDA GROUP plc
Kelda Group plc ("Kelda") has been notified today that Kelda Group Employees'
Trustees Limited ("the Trustee") the trustee of an employee benefit trust
established by Kelda in 1996, today, allocated the following number of ordinary
shares to directors of Kelda under a long term incentive plan ("the Plan")
established by Kelda pursuant to the rules of the Plan. The allocation of
shares is made pursuant to conditional awards of shares granted to those
directors on 2 June 2005, 13 June 2006, 7 June 2007 & 27 September 2007.
Martin Towers 17,809 Ordinary Shares
Kevin Whiteman 36,700 Ordinary Shares
The Trustee is holding the shares as nominee for the directors. These shares
will be cancelled under a scheme of arrangement which was today sanctioned by
the Court. Once they have been cancelled the Trustees will, as soon as
practical, distribute the net proceeds due to the directors after deducting any
amounts on account of income tax and National Insurance contributions.
All employees of Kelda (including executive directors) are potential
beneficiaries of the employee benefit trust and as such, are deemed by the
Companies Act 1985 to be interested in all of the shares held in the Trust.
For further information contact:-
Stuart McFarlane
Group Company Secretary
Tel:- 01274 804109
End.
END
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