PVCS Pv Crystalox Solar Plc

 

TIDMPVCS 
 
RNS Number : 7320F 
PV Crystalox Solar PLC 
18 January 2010 
 

18 January 2010 
 
 
PV Crystalox Solar plc 
 
 
SHARE ACQUISITION FOR EMPLOYEE BENEFIT TRUST 
 
 
 PV Crystalox Solar plc (the "Company") was advised on 15 January 2010, that the 
Trustee of the PV Crystalox Solar Employees' Benefit Trust (the "EBT") had that 
day completed the purchase of 4,300,000 of the Company's ordinary shares of 2 
pence each ("Shares") at an average price of 67.2256 pence per Share. 
 
 
This purchase was made to provide the EBT with greater capacity to 
meet potential future conditional obligations in respect of the Company's share 
based payment plans. These plans currently include the PV Crystalox Solar plc 
Long Term Incentive Plan, the PV Crystalox Solar plc Share Incentive Plan and 
the PV Crystalox Solar plc Executive Directors' Deferred Share Plan. Accordingly 
the Executive Directors of the Company may have an interest in these shares as 
potential beneficiaries of the EBT. Following this purchase the EBT holds 
8,005,000 Shares representing 1.92 per cent of the Company's total voting 
rights. 
 
This notification was made in accordance with Rule 3.1.4R of the Disclosure and 
Transparency Rules. 
 
 
Enquiries: 
 
 
+--------------------------------------------------------------+---------------------------+ 
|                                                              |                           | 
+--------------------------------------------------------------+---------------------------+ 
| PV Crystalox Solar PLC                                       | +44 (0) 1235 437160       | 
+--------------------------------------------------------------+---------------------------+ 
| Dr Iain Dorrity, CEO                                         |                           | 
+--------------------------------------------------------------+---------------------------+ 
| Dr Peter Finnegan, CFO                                       |                           | 
+--------------------------------------------------------------+---------------------------+ 
|                                                              |                           | 
+--------------------------------------------------------------+---------------------------+ 
| Financial Dynamics                                           | +44 (0) 20 7831 3113      | 
+--------------------------------------------------------------+---------------------------+ 
| Juliet Clarke / Giles Sanderson / Haya Herbert-Burns         |                           | 
+--------------------------------------------------------------+---------------------------+ 
 
 
 
 
About PV Crystalox Solar PLC 
 
 
PV Crystalox Solar PLC, initially established in 1982, is a highly specialised 
supplier to the world's leading solar cell manufacturers, producing 
multicrystalline silicon wafers for use in solar electricity generation systems. 
 The Company was one of the first to develop multicrystalline silicon technology 
on an industrial scale, setting the industry standard for ingot production. 
 
 
The Company manufactures silicon ingots in Oxfordshire, United Kingdom, and 
carries out wafer production for European customers at its facilities in Erfurt, 
Germany.  Wafers for customers in Asia are produced in Japan.  The Company's own 
polysilicon plant commenced production in Bitterfeld, Germany in July this year. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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