Director Shareholding
02 June 2003 - 7:58PM
UK Regulatory
RNS Number:7882L
Inveresk PLC
02 June 2003
INVERESK PLC
DIRECTOR SHAREHOLDINGS
Inveresk Plc ("Inveresk" or "the Company") was informed on Friday 30 May 2003
that Alan Walker, Gordon Thomson and Kieron Green have purchased 575,000
ordinary shares, 500,000 ordinary shares and 250,000 ordinary shares
respectively from Jan Bernander for a consideration of 10 pence per share.
Due to the Company being in a close period at the time of the recent placing and
open offer by which shares were issued at 10p each, neither Messrs Walker,
Thomson nor Green were able to participate in the placing.
Mr Bernander has agreed to sell these shares to Messrs Walker, Thomson and Green
at a price below the current market value in order to compensate them for their
inability to invest in the recent placing.
Mr Bernander, who still owns a significant stake in the Company, believes that
increasing the level of Inveresk share ownership amongst other members of the
board is an effective method of incentivising them and of bringing their
interests more closely in line with those of other Inveresk shareholders.
In addition, Mr Bernander has sold 500,000 ordinary shares respectively to his
son, Henrik, and his wife, Monica, all at a price of 10 pence per share.
The beneficial interests of Messrs Bernander, Walker, Thomson and Green in
Inveresk on completion of these transactions are as follows:
Name No of shares No of shares % of issued Enlarged % of issued
sold purchased share capital shareholding share capital
Jan 2,325,000 - 1.62 % 11,711,730 8.14 %
Bernander
Alan - 575,000 0.40 % 2,575,000 1.79 %
Walker
Gordon 500,000 0.35 % 500,000 0.35 %
Thomson
Kieron - 250,000 0.17 % 342,560 0.24 %
Green
Enquiries:
Inveresk Plc 0207 240 1234
Jan Bernander, Chairman
Alan Walker, Chief executive
This information is provided by RNS
The company news service from the London Stock Exchange
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