Park Group plc announces that application has been made for the admission to AIM of 2,966,580 new Ordinary Shares of 2p each in the Company ("Ordinary Shares"), pursuant to the exercise of options by employees of the Company. The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 9 March 2011.
Included within this exercise of options, the following Directors have exercised options over Ordinary Shares, and subsequently sold sufficient shares to pay for their associated costs. The options were exercised at a price of 21.17p per Ordinary Share. The number of options exercised by Directors, and the amounts sold are as follows:
|Options Exercised||Shares Sold||Resultant Holding||% of Issued Share Capital|
Following Admission, the Company's enlarged issued share capital will comprise 168,030,990 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 168,030,990. This figure of 168,030,990 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 FSA's Disclosure and Transparency Rules.
For further information please contact:
|Park Group Plc||Arden Partners||Travistock Communications|
|Peter Johnson/Chris Hougthon||Fred Walsh/Jamie Cameron||John West/Andrew Dunn|
|Tel: 0151 653 1700||Tel: 020 7614 5928||Tel: 020 7920 3150|