Employee Share Dealings
29 Aprile 2008 - 5:51PM
UK Regulatory
RNS Number:3690T
Bateman Litwin N.V.
29 April 2008
EMPLOYEE SHARE SALES AND DIRECTOR DEALINGS UPDATE
On 1 April 2008, Bateman Litwin N.V. ("Bateman Litwin" or "the Company")
announced that it had received notification from the trustee of the Bateman
Litwin Employee Benefit Trust, SGS Trustee Limited (the "Trustee"), that the
Trustee had sold 1,400,000 ordinary shares in the Company at 217 pence per share
on 26 March 2008 (the "Trustee Sale") on behalf of Company employees.
Bateman Litwin subsequently noted a difference between the date of the Trustee
Sale as reported to the Company and the date reported by market participants.
The Company has initiated a review of the events leading up to the sale which
has shown inconsistencies between the dealing instructions and actual execution
of the Trustee Sale. As a result of this review, the employees instructed the
Trustee to reverse the transaction and this has been effected as of 28 April
2008.
Accordingly, the Trustee now holds 10,877,572 ordinary shares on behalf of
Company employees. This reflects holdings prior to the above share sale. The
executive directors who took part in the Trustee Sale now have the following
interests in the issued share capital:
Shuki Raz holds 1,349,596 ordinary shares and 250,404 options over ordinary
shares, in total representing 1.42 per cent of the issued share capital. Prior
to the transaction reversal, Shuki Raz held 1,349,596 ordinary shares and
100,000 options over ordinary shares, in total representing 1.30 per cent of the
issued share capital.
Eyal Cohen holds 584,906 ordinary shares and 256,866 options over ordinary
shares, in total representing 0.75 per cent of the issued share capital. Prior
to the transaction reversal, Eyal Cohen held 584,906 ordinary shares and 166,772
options over ordinary shares, in total representing 0.67 per cent of the issued
share capital.
Max Abitbol holds 500,000 ordinary shares and 460,000 options over ordinary
shares, in total representing 0.85 per cent of the issued share capital. Prior
to the transaction reversal, Max Abitbol held 500,000 ordinary shares and
293,641 options over ordinary shares, in total representing 0.71 per cent of the
issued share capital.
About Bateman Litwin N.V.
Bateman Litwin N.V. is a mid-sized Oil, Gas, Power and Renewable Energy EPC
(engineering procurement and construction) contractor and a proprietary
technology provider in the Renewable Energy and the Phosphate and Solvent
Extraction dependent industries. It is developing its reputation by combining
its world class EPC skills with its leading technology expertise. To find out
more, visit Bateman Litwin at: www.bateman-litwin.com
Enquiries:
Bateman Litwin
Roy Franklin, Chairman Tel: +44 (0)20 7484 8761
Eyal Cohen, Chief Financial Officer Tel: +31 (0)63 4659 348
Ingrid Boon, Investor Relations Tel: +44 (0)20 7484 8762
Tal Rappoport, Marketing Communications Tel: +31 (0)64 3992 621
Credit Suisse Securities (Europe) Limited
Jon Grussing Tel: +44 (0)20 7888 8888
Brunswick Group LLP
Patrick Handley Tel: +44 (0)20 7404 5959
Deborah Spencer
This information is provided by RNS
The company news service from the London Stock Exchange
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