Holding(s) in Company
November 23 2007 - 7:53AM
UK Regulatory
RNS Number:3946I
Terrace Hill Group PLC
23 November 2007
Terrace Hill Group Plc ("Terrace Hill" or the "Company")
Employee Benefit Trust
The Company announces that on 23 November 2007 it received notification from
Appleby Trust (Jersey) Limited (formerly known as Bailhache Labesse Trustees
Limited) (the "Trustee") in its capacity as trustee of the Terrace Hill Group
Employee Benefit Trust (the "Trust") that on 22 November 2007 the Trustee
purchased 45,000 ordinary shares of 2p each in the Company at a price of 56
pence per share. The Trust now holds 370,000 ordinary shares in Terrace Hill
representing 0.17% of the current issued share capital of the Company.
For the purposes of the Companies Act 1985 the Executive Directors of the
Company, being Robert Adair (Chairman), Philip Leech (Managing Director) and Tom
Walsh (Finance Director), have an interest in the shares acquired by the Trustee
as they are potential beneficiaries of the Trust. The Trust was established to
facilitate the operation of the Terrace Hill Group Performance Share Plan (the
"Plan") and it is intended that the shares purchased by the Trust will be used
to satisfy awards under the Plan.
For further information please contact:
Miranda Kelly Tel: 0141 332 2014
Terrace Hill Group Plc
Luke Webster Tel: 0202 7710 7600
Oriel Securities Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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