Directors shareholdings
08 10월 2003 - 9:32PM
UK Regulatory
RNS Number:6629Q
Photo-Me International PLC
08 October 2003
PHOTO-ME INTERNATIONAL PLC
Directors' shareholdings / Director's resignation
Photo-Me International has been advised by Mr Philippe Wahl, a non-executive
director, that he has today disposed of 29,152,100 0.5p Ordinary shares (8.03%
of the issued class) in the Company. These shares were held through Bear Stearns
Securities Corp Nominees (CLIENTSK). The shares have been placed mainly with
institutional shareholders through the Company's brokers, Cazenove & Co. and
Evolution Beeson Gregory, at a price of 108p per share. As a result of this
disposal, Mr Philippe Wahl's interests now total 391,250 shares (0.11% of the
issued class), which are held in his own name.
As part of the placing, the Company's Chief Executive Officer, Mr Serge
Crasnianski, has acquired an additional 1,000,000 shares (0.27% of the issued
class) in the Company at the price of 108p per share. Following this
acquisition, Mr Crasnianski's interests in the Company's shares now total
70,143,070 shares (19.31% of the issued class), of which 63,750 shares are held
in his own name and 70,079,320 shares are held through Tibergest Investments
b.v.
Following the disposal of the substantial part of his interests, Mr Philippe
Wahl (aged 68) has resigned from his position as a non-executive director of the
Company, with immediate effect. Mr Dan David, Chairman, thanks Mr Wahl for his
contribution to the Company in the 34 years in which he has served as a
director.
Enquiries:
Photo-Me International plc 01372-453399
Robert Lowes (Company Secretary)
Bankside Consultants Limited
Charles Ponsonby 020-7444 4166
This information is provided by RNS
The company news service from the London Stock Exchange
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