Employee Benefit Trust
July 02 2008 - 9:07AM
UK Regulatory
RNS Number : 1610Y
Terrace Hill Group PLC
02 July 2008
Terrace Hill Group Plc ("Terrace Hill" or the "Company")
Employee Benefit Trust
The Company announces that on 2 July 2008 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
2 July 2008 the Trustee purchased 200,000 ordinary shares of 2p each in the Company at a price of 50 pence per share. The Trust now holds
1,020,000 ordinary shares in Terrace Hill representing 0.48% 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 (Chief
Executive) 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
Richard Crawley/Luke Webster Tel: 020 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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