Director Shareholding
WILink plc ('WILink' or 'the Company')
Holding in Company
WILink was notified today, 9 September 2003, that the WILink plc General
Employee Benefit Trust ('GEBT') purchased a further 2,500 ordinary Shares of
250p each in the Company ('Shares') at 950p per Share on 5 September through
Numis Securities.
Following this purchase the GEBT now holds, in aggregate, 370,152 Shares,
representing 13.6% of the Company's issued share capital of 2,724,777 Shares.
It is envisaged that the GEBT will use these Shares to satisfy liabilities
arising in future from the various option schemes operated by the Company. The
majority of these liabilities arise from performance based option schemes, none
of which vest before December 2004 and all of which require the share price to
equal or exceed 1,187.5p.
The beneficiaries of the GEBT include certain of the Directors of the Company
who are therefore interested in the Shares being acquired. Certain of the
Directors of the Company may, at some future time, obtain a beneficial interest
in a number of these Shares if and when awards are made by the GEBT.
FRS14 requires the Shares held by the GEBT to be treated as cancelled for the
purposes of EPS calculations until vesting, and on this basis the weighted
average number of shares in issue for 2003 is now expected to be 2,367,866.
For further information, please contact:
WILink plc
Nigel Burton Chief Financial Officer 077 8523 4447
Peter Wakeham Chief Executive Officer 020 7436 2223
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