Terrace Hill Group PLC Director/PDMR Shareholding - replacement (7623A)
24 February 2014 - 9:21PM
UK Regulatory
TIDMTHG
RNS Number : 7623A
Terrace Hill Group PLC
24 February 2014
Terrace Hill Group PLC
("Terrace Hill" or "the Company")
Director Shareholding
Notification under AIM Rule 17
24 February 2014
Set out below is the corrected text of an announcement
originally released by the Company on 27 March 2012 at 10:32am
under RNS No. 1505A:
"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. These shares were then transferred from his family
trust to his personal holding at a price of 11.625p per share. His
total beneficial holding remained unchanged.
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 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."
The original announcement read as follows:
"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."
As at 24 February 2014 Robert Adair's total beneficial interests
are 133,266,239 shares, representing 62.89% of the issued share
capital of the Company.
For further information, please visit www.terracehill.co.uk or
contact:
Terrace Hill Tel: 020 7631 1666
Philip Leech
Oriel Securities (Nominated Adviser) Tel: 020 7710 7600
David Arch
Notes to editors:
Terrace Hill Group
Terrace Hill Group PLC is a regionally based UK property 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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