Holdings in Company and Directors Dealings
26 March 2007
The Company announces today the following changes to the shareholder register on 23 and 26 March 2007:
Allianz Cornhill Holdings plc has purchased 1,229,800 Ordinary Shares in Jelf Group at 265p. Allianz Cornhill Holdings plc has an initial interest in 5.0% of the issued Ordinary share capital of Jelf Group.
Aviva plc has purchased 1,250,000 Ordinary Shares in Jelf Group at 265p on behalf of BNY Norwich Union Nominees Limited. Aviva plc has an initial interest in 5.1% of the issued Ordinary Share Capital of Jelf Group.
Due to this institutional demand the Chairman, the Deputy Chairman and one of the Executive Directors of Jelf Group have agreed to sell some of their shareholdings.
Chris Jelf, Chairman, has sold 1,047,306 Ordinary Shares at a price of 265p. He now has an interest in 1,926,151 Ordinary Shares representing 7.8% (previously 12.1%) of the issued share capital. Chris Jelf remains fully committed to maintaining a major stake in the business.
Michael King, Deputy Chairman, has sold 950,000 Ordinary Shares at a price of 265p. He now has an interest in 1,580,008 Ordinary Shares representing 6.4% (previously 10.3%) of the issued share capital. Mr King remains fully committed to maintaining a major stake in the business.
Michael Heard, Executive Director, has sold 300,000 Ordinary Shares at a price of 265p. He now has an interest in 516,037 Ordinary Shares representing 2.1% (previously 3.3%) of the issued share capital. As Managing Director of the Wealth Management Division, Mr Heard remains fully committed to the business.
Enquiries:
Jelf Group
John Harding, Group Finance Director
01454 27 27 19
Alex Alway, Group Chief Executive
01454 27 27 13
Daniel Stewart
Stewart Dick
020 7776 6550
Pelham Public Relations
Polly Fergusson
020 7743 6362