Park Group plc
("Park" or "the Company")
Exercise of Options and Transfer of Ordinary Shares
Park (AIM: PKG.L), the UK's leading gift voucher and prepaid gift card provider, announces that application has been made for the admission to AIM ("Admission") of 500,000 new ordinary shares of 2p each in the Company ("Ordinary Shares"). The Ordinary Shares were issued today pursuant to the exercise of options at a price of £0.29 each for 250,000 Ordinary Shares each by Executive Directors, Chris Houghton and Gary Woods. The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealing is expected to commence on 13 March 2014.
The Company has been notified that Mr Houghton will transfer the 250,000 Ordinary Shares into the name of his wife Jane Hilary Houghton for nil consideration. Following the exercise and the transfer, Mr Houghton's total holding in Park (including shares held in his wife's name) is 1,154,712 Ordinary Shares representing approximately 0.63% of the total issued shares in the Company.
The Company has also been notified that Mr Woods will transfer 250,000 Ordinary Shares into the name of his wife Lesley Diane Woods for nil consideration. Following the transfer, Mr Wood's total holding in Park (including shares held in his wife's name) is 877,857 Ordinary Shares representing approximately 0.48% of the total issued shares in the Company.
Following Admission, the Company's enlarged issued share capital will be 182,501,219 Ordinary Shares. This figure of 182,501,219 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Park Group plc
Tel: 0151 653 1700
Arden Partners plc
Tel: 020 7614 5917
Tel: 020 7920 3150