30 Jun 2009 11:39
30 June 2009
Styles & Wood Group plc
("Styles & Wood" or the "Company")
Dealings by Directors/PDMR
Styles & Wood announces that it has completed a refinancing of the Company by way of a placing, an open offer, a debt for equity restructuring and the provision of new bank facilities, all to be preceded by a share consolidation (together referred to as the "Refinancing").
Set out below are current shareholdings of the Directors and PDMRs, following the completion of the Refinancing and setting out the number of New Ordinary Shares taken up by Directors and PDMRs under the Open Offer at a price of 25p per new Ordinary Share:
| Prior to the Refinancing | Following the Refinancing | |||||
| Director | Number of Ordinary Shares | Percentage of Issued Share Capital | Number of New Ordinary Shares (1) | Shares taken up under the Open Offer | New holding in New Ordinary Shares | Percentage of issued share capital |
| Jim Martin | 193,333 | 0.30 | 7,733 | 25,776 | 33,509 | 0.05 |
| Ivan McKeever | 2,018,500 | 3.13 | 80,740 | 32,006 | 112,746 | 0.18 |
| Graham Clark | 2,548,042 | 3.95 | 101,921 | - | 101,921 | 0.16 |
| Robert Hough | 115,000 | 0.18 | 4,599 | 40,000 | 44,599 | 0.07 |
| Paul Mitchell | 232,543 | 0.36 | 9,301 | 62,020 | 71,321 | 0.12 |
| Steven Ramsden | 108,000 | 0.17 | 4,320 | 17,400 | 21,720 | 0.03 |
| Andy Shaw | 144,500 | 0.22 | 5,780 | 15,935 | 21,715 | 0.04 |
| Steven Wilton | 908,500 | 1.41 | 36,340 | - | 36,340 | 0.06 |
Notes
Following the Share Consolidation
For further information, please contact:
| Styles & Wood Group plc | Tel: 0161 926 6000 |
| Ivan McKeever, CEO | |
| Graham Clark, Group Finance Director | |
| Financial Dynamics | Tel: 020 7831 3113 |
| Billy Clegg / Georgina Bonham / Alex Beagley | |
| Shore Capital and Corporate Limited | Tel: 020 7408 4090 |
| Guy Peters / Edward Mansfield |