20 November 2007
NOVAE GROUP PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
On 19 November 2007, PC Matson received 200,000 Novae Group plc
Ordinary shares of 10 pence each in respect of an award made under
the terms of the 1999 Long Term Incentive Plan ("LTIP") on 19
November 2004. The award was released by the Trustee of the LTIP,
Ogier Employee Benefit Trustee Limited ("the Trustee"), following the
completion of the performance period.
Accordingly, PC Matson's beneficial interest in the issued Ordinary
Share capital of Novae Group plc increased by 200,000 shares (0.027%
of the issued Ordinary Share capital). PC Matson is deemed to have
acquired shares at the mid-market price at close of business on 19
November 2007, being 34.25 pence. Following the vesting of the
award, PC Matson held the following total beneficial interest in the
Ordinary Share capital of Novae Group plc: 1,110,065 shares; being
0.152% of the issued Ordinary Share capital.
On 20 November 2007 the Trustee notified the Company that there was a
net reduction of 200,000 shares held in the trust following the
vesting of the LTIP award detailed above and transfer to PC Matson
and that, following this transaction, the Trustee holds a total of
13,844,413 shares, representing 1.891% of the Company's issued
Ordinary share capital. The Executive Directors of the Company,
together with other employees, are potential beneficiaries under the
trust and are therefore treated as having an interest in such shares.
Enquiries:
Mark
Turvey
020 7903 7300
Group Legal Counsel and Company Secretary
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