Jourdan PLC - Director/PDMR Shareholding
RNS Number:6916K
Jourdan PLC
19 October 2006
Jourdan plc ('the Company')
Director Shareholding
The Company announces that share options under the Jourdan 2000 (Unapproved)
Scheme have been granted to Mr David Abell, Chairman, over 50,000 ordinary
shares of £1 each. These options, which were granted on 18 October 2006, have an
exercise price of £2.35 per share and are exercisable for seven years from 28
September 2009.
Mr Abell currently holds 901,500 ordinary shares in the Company, representing
27.82% of the issued share capital of the Company.
Mr Abell is deemed by the Panel on Takeovers and Mergers to be acting in concert
with certain members of his family. Members of the deemed concert party,
including Mr Abell (together 'the Abell Concert Party') own in aggregate a total
of 988,000 Ordinary Shares (representing approximately 30.49 per cent. of the
current issued ordinary share capital).
Under the City Code on Takeovers and Mergers, for so long as the interests of
members of the Abell Concert Party equate to 30% of more of the voting rights of
the Company, such members will not be able to acquire further shares without
incurring an obligation to make a general offer to all shareholders in
accordance with the Code. Accordingly, in the absence of further share issues by
the Company, Mr Abell will not be able to exercise the above options without
incurring such an obligation.
19 October 2006
Enquiries:
Jourdan Plc
01476 403456
Charles Stanley Securities (Nominated Adviser to the Company)
Russell Cook / Anthony Noakes 0207 149 6476
This information is provided by RNS
The company news service from the London Stock Exchange
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