Avesco Group PLC Treasury Stock and Directors' Holdings (3796C)

TIDMAVS

RNS Number : 3796C

Avesco Group PLC

16 January 2015

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

Transfer of Treasury Shares and Directors' Holdings

Avesco (AIM: AVS) announces that on 15 January 2015 the Company transferred out of treasury 218,157 ordinary shares of 10p each in the Company ("Ordinary Shares") to the Avesco Group Employee Benefit Trust (the "Trust") following the vesting of awards over Ordinary Shares under the Company's Long Term Incentive Plan.

Following the transfer of these Ordinary Shares at nil cost to directors and employees, the interests of the directors concerned in the Ordinary Share capital of the Company (including, where applicable, their interests in shares held on their behalf by the Trust) are as set out below:

 
 Director          Ordinary Shares   Total holding   % of the Company's 
                      vested under       following        voting rights 
                              LTIP           issue            following 
                                                                  issue 
 Richard Murray                  0       5,608,211               29.40% 
 John Christmas             40,000         150,371                0.79% 
 Graham Andrews             40,000         269,183                1.41% 
 David Crump                40,000         216,384                1.13%

The total number of Ordinary Shares in issue is 20,954,750. 1,877,318 Ordinary Shares continue to be held in treasury so the number of Ordinary Shares with voting rights is 19,077,432. 19,077,432 is the figure which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Avesco under the FCA's Disclosure and Transparency Rules.

 
 For further information please 
  contact: 
    Avesco Group plc 
   Richard Murray, Chairman        01293 583400 
   John Christmas, Group 
    Finance Director 
 
 
   finnCap 
    Julian Blunt, Corporate 
    Finance 
    Victoria Bates, Corporate 
    Broking                       020 7220 0500

This information is provided by RNS

The company news service from the London Stock Exchange

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