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Company News

2004

Change in directors' interests in ordinary shares

30/03/2004

The Company was notified on 30 March 2004 of the following changes in interests in ordinary shares of 15p in the Company held by the executive Directors named below.

Sale of shares

As announced by the Company in March 2001, the trustees of the Company's Deferred Bonus Scheme transferred shares to the executive Directors named below on 28 March 2001. These shares were held by the Company on behalf of the Directors for a restricted period which ended on 28 March 2004. These shares are therefore no longer subject to forfeiture:

Name of Director Number of shares
David Bellamy 23,855
Ian Gascoigne 21,686

The above Directors notified the Company on 30 March 2004 that on 29 March 2004 they sold the above shares in the Company at a price of 172p each, partly in order to meet the cost of income tax arising from the awards ceasing to be subject to forfeiture

Award of shares under Deferred Bonus Scheme

The Company was also notified by the above Directors on 30 March 2004 of the following interests in ordinary shares of 15p in the Company. These interests result from the transfer of shares to the Directors on 30 March 2004 by S G Hambros Trust Company (Guernsey) Limited, trustees of the Company's Deferred Bonus Scheme. These Directors were previously interested in shares held by S G Hambros Trust Company (Guernsey) Limited as one of a number of potential discretionary beneficiaries.

These shares are held by the Company on behalf of the Directors for a restricted period ending on 30 March 2007.

Name of Director Number of shares awarded
David Bellamy 28,263
Ian Gascoigne 26,917

With the exception of the changes notified in this announcement, the Directors' interests in ordinary shares of the Company are unchanged.

The interests of the above named Directors in options to subscribe for ordinary shares in the Company are unchanged.

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