Director Shareholding
15 October 2003 - 1:22AM
UK Regulatory
RNS Number:8899Q
Xansa PLC
14 October 2003
TO: Regulatory News Service
The London Stock Exchange
Re: Chapter 16, Paragraph 13 of CONTINUING OBLIGATIONS
Xansa plc (the "Company") announces that it received notification on 14 October
2003 for the purposes of Section 329 of the Companies Act 1985 that Xansa
Trustee Company Limited, trustee of the Inland Revenue approved Xansa All
Employee Share Ownership Plan ('AESOP') had purchased 149,974 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 13 October 2003 at 120
pence each. The Ordinary Shares had been purchased under the "Partnership"
shares section of the AESOP from funds received from participating eligible
employees.
Under the terms of the AESOP, "Partnership" shares are matched on a 1:1 basis
with "Matching" shares provided out of the AESOP Trust. The Trust is a
discretionary trust for the benefit of employees of the Company and its
subsidiaries, which operates in conjunction with the Company's AESOP and holds
Ordinary Shares purchased by employees under the "Partnership" and "Matching"
shares section of AESOP as well as holding Ordinary Shares required for "
Matching".
Except where otherwise referred to, the directors named below were allocated 208
Ordinary Shares each (104 "Partnership" shares and 104 "Matching" shares) having
elected to participate in the AESOP.
As a consequence, the beneficial and non-beneficial interests in Ordinary Shares
(excluding options) of the directors listed below have increased to:
Name: Ordinary Shares
Mr A R Cox: 37,805
Mr P R Gill: 22,289
Mr S R Weston: 13,439
Mr A L Wood: 1,224,255
The Company, further announces that it received notification on 14 October 2003
that at 10 October 2003 Xansa Trustee Company Limited, had transferred 9,693
Ordinary Shares on behalf of participants leaving the AESOP.
Directors who are potential beneficiaries of the AESOP are;
Mrs L K Barrat
Mr A R Cox
Mr P R Gill
Mr S R Weston
Mr A L Wood
The total holding of the AESOP Trust amounts to 13,849,904 Ordinary Shares.
14 October 2003
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSMIBATMMTBBMJ