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Home > Investor Relations > Announcements
Announcements

 

Employee Benefit Trust Dealings

CSF GROUP PLC
(“CSF” or the “Group”)

Employee Benefit Trust Dealings

CSF Group plc (“CSF” or the "Company") announces that in response to institutional demand it was notified on 21 January 2011 the CSF Employee Benefit Trust (the "Trust") has sold 825,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 73 pence per Ordinary Share.

Following this transaction the Trust now holds 4,663,895 Ordinary Shares, representing 2.92% of the Company's issued share capital.

As set out in the Company’s Admission Document, the Trust had been set up with Ordinary Shares allocated from the personal holdings of Adrian Yong, Chief Executive and Wong Chow Ming, Chief Operating Officer to be realised for the beneficial ownership of employees in the Company. Following the transaction the total holdings of these Directors are as follows:

Adrian Yong - 39,769,824 ordinary shares or 24.86% of the issued share capital (legally and beneficially held by him) and an additional 3,450,676 ordinary shares are held on trust for the benefit of employees

Wong Chow Ming - 23,488,680 ordinary shares or 14.68% (legally and beneficially held by him) and an additional 1,213,219 ordinary shares are held on trust for the benefit of employees

For further information:

CSF Group
+603 8318 1313
Adrian Yong, Chief Executive

Cenkos Securities plc (Nominated Adviser and Broker)
+44 (0)20 7397 8900
Ian Soanes or Elizabeth Bowman

Buchanan Communications
+44 (0)20 7466 5000
Jeremy Garcia / James Strong