Director/PDMR Shareholding
23 June 2006 - 12:20AM
UK Regulatory
RNS Number:0265F
Chloride Group PLC
22 June 2006
Chloride Group PLC ("the Company") announces that, as a result of the exercise
of share options by option holders who are neither directors of the Company nor
persons discharging managerial responsibility, the number of Ordinary Shares of
25p each in the Company ("Shares") held by the Chloride Group Employee Benefit
Trust ("the Trust") was reduced on 22 June 2006 by 124,000 Shares.
The Trust exists for the purpose of transferring such Shares to option holders
on the exercise of options granted under certain of the Company's share option
schemes ("the Schemes").
Following the reduction the Trust holds 7,984,833 Shares (3.21%). This compares
to the 8,108,833 Shares (3.26%) previously held by the Trust as announced on 24
May 2006.
Each of Mr K H Hodgkinson and Mr N W Warner, being Executive Directors of the
Company, is, for Companies Act purposes, regarded as having an interest in the
7,984,833 Shares held by the Trust. Despite the technical interest in all the
Shares held by the Trust, an Executive Director will only be able to exercise
options subject to certain performance criteria being met. He will then only be
able to receive from the Trust that number of Shares to which he is entitled on
exercise of an option granted to him under the terms of the Schemes.
22 June 2006
This information is provided by RNS
The company news service from the London Stock Exchange
END
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