Director Shareholding (7396U)
20 Octobre 2010 - 6:26PM
UK Regulatory
TIDMDATA
RNS Number : 7396U
Datacash Group PLC
20 October 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
For Immediate Release
DataCash Group Plc. ("DataCash" or the "Company")
Director shareholding
20th October, 2010
Ashley Head, chairman of the Company, has today notified the
Company that yesterday, pursuant to the terms of a call option
granted by Mr Head to Hurlstone Limited in 2006, Mr Head sold
27,708,338 shares (representing 29.9% per cent. of the issued share
capital of the Company) to Hurlstone Limited at a price of GBP1.27
per share. Such transfer taking place in London.
Following such sale Mr Head is beneficially interested in
12,424,175 shares representing 13.41 per cent. of the issued share
capital of the Company.
-END-
Enquiries
Paul Burton, Chief Financial Officer 0870 727 4761
Dealing disclosure requirements
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of DataCash or of
any paper offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is
likely to be, solely in cash) must make an Opening Position
Disclosure following the commencement of the offer period and, if
later, following the announcement in which any paper offeror is
first identified.
An Opening Position Disclosure must contain details of the
person's interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) DataCash and (ii) any
paper offeror(s). An Opening Position Disclosure by a person to
whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement
of the offer period and if appropriate, by no later than 3.30 pm
(London time) on the 10th business day following the announcement
in which any paper offeror is first identified. Relevant persons
who deal in the relevant securities of DataCash or of a paper
offeror prior to the deadline for making an Opening Position
Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of
DataCash or of any paper offeror must make a Dealing Disclosure if
the person deals in any relevant securities of DataCash or of any
paper offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each of
(i) DataCash and (ii) any paper offeror, save to the extent that
these details have previously been disclosed under Rule 8. A
Dealing Disclosure by a person to whom Rule 8.3(b) applies must be
made by no later than 3.30 pm (London time) on the business day
following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of DataCash or a paper offeror,
they will be deemed to be a single person for the purpose of Rule
8.3.
Opening Position Disclosures must also be made by DataCash and
by any offeror and Dealing Disclosures must also be made by
DataCash, by any offeror and by any persons acting in concert with
any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. If you are in any doubt as to whether you are required
to make an Opening Position Disclosure or a Dealing Disclosure, you
should contact the Panel's Market Surveillance Unit on +44 (0)20
7638 0129.
Publication of this announcement
A copy of this announcement will be available subject to certain
restrictions relating to persons resident in restricted
jurisdictions on DataCash's website.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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