Director/PDMR Shareholding (1505A)
27 March 2012 - 8:32PM
UK Regulatory
TIDMTHG
RNS Number : 1505A
Terrace Hill Group PLC
27 March 2012
Terrace Hill Group PLC
("Terrace Hill" or "the Company")
Release of security over shareholding and use of shares in funds
at Lloyds of London for insurance underwriting purposes
Notification under AIM Rule 17:
The Company was notified on 22 March 2012 by Robert Adair,
Chairman of the Company, that 18,052,800 ordinary shares of 2p each
of the Company ("THG shares") owned by him and family trusts are no
longer used as security for personal loans with HBOS plc effective
22nd March 2012.
The Company was also notified on 22nd March 2012 by Robert
Adair, Chairman of the Company that he had entered into trust
arrangements with Lloyds of London in respect of 18,052,800 THG
Shares owned by him and family trusts to provide funds at Lloyds of
London for insurance underwriting.
Following this, Robert Adair's total beneficial interests remain
at 131,571,239 shares, representing 62.07% of the total issued
share capital of the Company.
-Ends-
For further information, please visit www.terracehill.co.ukor
contact:
Terrace Hill Tel: 020 7631 1666 Philip Leech
Oriel Securities (Nominated Adviser) Tel: 020 7710 7600
Gareth Price/Mark Young
Notes to editors:
Terrace Hill Group
Terrace Hill Group PLC is a regionally based UK property
development and investment group quoted on AIM. Formed in 1986, the
Company has five offices located in London, Glasgow, Teesside,
Bristol and Manchester.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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