Exercise of options and directors' shareholdings
22 September 2008 - 11:16PM
UK Regulatory
RNS Number : 9852D
SSP Holdings PLC
22 September 2008
SSP Holdings plc ("SSP" or the "Company")
Exercise of options and directors' shareholdings
SSP Holdings plc announces that on 22 September 2008 472,475 ordinary shares of 0.1p each were allotted to employees and certain
directors following the exercise of options and/or release of awards under the SSP 2006 Discretionary Share Option Plan, in accordance with
the terms of the cash acquisition of SSP by H&F Sensor Bidco Limited.
As a result of the exercise of options, the shareholdings of the SSP Directors and their respective immediate families, related trusts
and (so far as the SSP Directors are aware) connected bodies corporate (within the meaning of section 823 of the Companies Act 2006) in the
share capital of SSP are as follows:
Name Number of options Total Number of SSP Percentage of
exercised Shares held enlarged issued
following the share capital
exercise (%)
David Rasche 33,768 11,258,454 13.5
Laurence Walker 37,262 6,576,786 7.9
Nick Bate 33,768 3,042,563 3.7
Enquiries:
SSP Holdings 01422 330022
Nick Bate, Finance Director
KBC Peel Hunt Ltd, Nominated Adviser and Broker
to SSP Holdings
Oliver Scott/Richard Kauffer 020 7418 8900
Disclosure in accordance with Rule 2.10:
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that the Company has 83,104,079 ordinary
shares of 0.1 pence each in issue under the ISIN code: GB00B1D3Q599.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, "interested"
(directly or indirectly) in 1% or more of any class of "relevant securities" of the Company, all "dealings" in any "relevant securities" of
that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn
or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal
or informal, to acquire an "interest" in "relevant securities" of the Company, they will be deemed to be a single person for the purpose of
Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of the Company by the Company, or by any of its
respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the
relevant transaction.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of
such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in
the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether
or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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