Property Recycling Director/PDMR Shareholding

Date : 06/12/2007 @ 8:07AM
Source : UK Regulatory (RNS and others)
Stock : Property Recycling Group Plc (PROP)
Quote : 12.5  0.0 (0.00%) @ 2:57AM
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Property Recycling Director/PDMR Shareholding

    Director/PDMR Shareholding
             
The Company has  received notifications of  two transactions  between
members of the Rackham Family interests as described below. Following
these transactions the total interests  of the Rackham Family  remain
unchanged  at  18,700,000  ordinary  shares  of  5p  each  ("Ordinary
Shares") representing 51.6 per cent. of the shares in issue.
1       Paul Rackham  Jnr, a director of the Company, has today  sold
368,805 Ordinary Shares at 54.5p per share to Paul Rackham Limited, a
company controlled by him and Paul  Rackham Snr, the chairman of  the
Company.
2                Mrs S Rackham, the  wife of the chairman, has  today
transferred for no consideration a  total of 550,456 Ordinary  Shares
to four trusts, the beneficiaries  of which include her children  and
their families.  Paul Rackham  Jnr is  a beneficiary  of one  of  the
trusts. The trustees  are D  W Cunningham (Company  Secretary of  the
Company), S R Stuteley  (a director of the  Company), G Atterbury  (a
director of the Company) and C Clarke.
Following the transactions the interests of the Rackham Family are as
follows:
Name                             Number of Ordinary Shares    %
Paul Rackham Snr (note 1)                        7,767,425 21.4
Paul Rackham Jnr (notes 1 and 2)                 5,478,838 15.1
Paul Rackham Limited                               368,805  1.0
The Rackham Family Trusts                        8,075,668 22.3
Note 1 - includes  interest in the 368,805  Ordinary Shares owned  by
Paul Rackham Limited.
Note 2  -  includes  interest  in  2,253,126  Ordinary  Shares  as  a
beneficiary of certain of the Rackham Family Trusts.
For further information please contact:
John Webb
Marshall Securities, Nominated adviser                            020
7490 3788
- ---END OF MESSAGE---
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