Avesco Group PLC Correction re directors' dealings (8227Y)

TIDMAVS

RNS Number : 8227Y

Avesco Group PLC

27 February 2013

AVESCO GROUP plc ("Avesco" or the "Company")

Correction re Directors' Dealings

The following amendments have been made to the "Directors' Dealings" announcement released on 30 January 2013 at 12.07pm under RNS No 7052W.

Certain directors, set out below, sold 95,178 Ordinary Shares in aggregate and not 95,180 Ordinary Shares in aggregate on 29 January 2013.

John Christmas sold 36,090 and not 36,091 Ordinary Shares and his holding following the trade is 57,371 Ordinary Shares. Graham Andrews sold 29,012 and not 29,013 Ordinary Shares and his holding following the trade is 167,852 Ordinary Shares

   All other details remain unchanged.   The full amended text is shown below.

Avesco (AIM: AVS) was notified on 30 January 2013 that its Chairman, Richard Murray, acquired 200,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at 150p per Ordinary Share on 29 January 2013.

The Company was also notified on 30 January 2013 that certain directors, set out below, sold 95,178 Ordinary Shares in aggregate on 29 January 2013 to cover their tax liabilities arising from the recent vesting of awards under the Company's Long Term Incentive Plan as announced on 10 January 2013. These Ordinary Shares were held on behalf of the directors concerned by the Avesco Employee Benefit Trust (the "Trust").

Following these transactions the interests of the directors concerned (including, where applicable, their interests in shares held on their behalf by the Trust) are as set out below:

 
 Director          Ordinary   Bought/   Price        Total holding   % of the Company's 
                    Shares     sold      per share    following       voting rights 
                    traded                            trade           following 
                                                                      trade 
 John Christmas     36,090     Sold        149p         57,371             0. 2% 
 Graham Andrews     29,012     Sold        149p         167,852            0. 7% 
 David Crump        30,076     Sold        149p         128,684            0. 5% 
 Richard 
  Murray           200,000    Bought       150p        5,493,206           21.2% 
 
 
 
   For further information please contact: 
     Avesco Group plc 
    Richard Murray, Chairman       01293 583400 
    John Christmas, Group 
     Finance Director 
 
 
    finnCap 
     Ed Frisby/Rose Herbert, 
     Corporate Finance 
     Brian Patient/Victoria 
     Bates, Corporate Broking     020 7220 0500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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