Promethean World Plc Director/PDMR Shareholding (1477B)
March 28 2013 - 8:15AM
UK Regulatory
TIDMPRW
RNS Number : 1477B
Promethean World Plc
28 March 2013
Promethean World Plc
('Promethean' or 'the Company')
Director/PDMR Shareholding
Promethean World Plc (LSE: PRW) has been notified of the
following transfers of ordinary shares of 10p each in the
Company.
On 27 March 2013, the below mentioned Trusts (each being a
connected persons of Tony Cann) acquired in aggregate 1,582,070
ordinary shares from Alexandra Charlier (the wife of Jean-Yves
Charlier, the former CEO of Promethean) at a price of 5.25p per
share, pursuant to a call option granted by Alexandra Charlier in a
conditional sale agreement dated 27(th) December 2009 as
follows:
SJ Cann Discretionary Trust - 527,356 ordinary shares
RJ Cann Discretionary Trust - 527,356 ordinary shares
JR Cann Discretionary Trust - 527,358 ordinary shares.
The trigger for the exercise of the call option by the Cann
Trusts was Jean-Yves Charlier ceasing to be an employee of the
Company. The call option gave the Cann Trusts the right to acquire
any unvested shares transferred to Alexandria Charlier pursuant to
the terms of the Charlier Conditional Share Award at a set price of
5.25p per share.
Following the above transfers, the number of ordinary shares in
which Tony Cann and his connected persons are beneficially
interested comprises 67,240,572 ordinary shares, or 33.62% of the
Company's total issued ordinary share capital.
It has been confirmed that the above transactions do not have
any consequences under the City Code on Takeovers and Mergers.
Enquiries
Promethean + 44 (0) 1254 290749
Andrew Batchelor, Company Secretary
Citigate Dewe Rogerson Consultancy + 44 (0) 207 638 9571
Anthony Carlisle + 44 (0) 7973 611 888
This information is provided by RNS
The company news service from the London Stock Exchange
END
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