Intnl Greetings PLC - Directors' Shareholdings
01 May 1999 - 1:07AM
UK Regulatory
RNS No 5398c
INTERNATIONAL GREETINGS PLC
30 April 1999
International Greetings PLC
("International Greetings" or the "Company")
In response to institutional demand, the following directors of the Company
(the "Directors"), and their connected parties, have sold (the "Disposal"), at
625p per share, a proportion of their holdings of ordinary shares of 5p each
("Ordinary Shares"), as set out below.
Name of Director No. of No. of Percentage of
Ordinary Ordinary issued ordinary
Shares Shares held share capital
sold following held following
the Disposal the Disposal
S.A. Hedlund 490,000 9,025,330 66.6%
N. Fisher 410,000 1,600,000 11.8%
M. Collini 80,000 70,000 0.5%
Nick Fisher, Joint Chief Executive, commented: "We are delighted to have added
further high quality institutions to broaden our shareholder base. This is a
major step towards increasing the free float in our stock and positions the
Company for the next phase in its corporate development."
Following the Disposal, the Directors (plus John Elfed Jones, the Chairman of
the Company), and their connected persons, hold a total of 10,700,330 Ordinary
Shares, representing 79.0% per cent of the current issued ordinary share
capital of the Company. The Directors have no current intention to sell any
further Ordinary Shares over the next 12 months.
Press enquiries:
International Greetings PLC
Nick Fisher, Joint Chief Executive 01727 844 888
Mark Collini, Finance Director
Granville Markets Limited
Richard Donner, Managing Director 0171 488 1212
Grandfield
Michael Henman/Clare Abbot 0171 417 4170
Notes:
1. International Greetings is one of the world's leading designers and
manufacturers of gift wrapping paper, gift accessories, cards and crackers. It
is the UK's leading supplier of private label greetings products to major High
Street multiples.
2. International Greetings was admitted to the Alternative Investment
Market in October 1995
END
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