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DATE:            Immediate release, Tuesday 18 August 2009 

 

 

 

JACQUES VERT PLC

 

Directors' Purchase of Shares

On 18 August 2009, the Remuneration Committee of the Board of Jacques Vert Plc ('the Company'), the clothing retailer, granted the right to acquire Shares as set out below at nil cost under the Jacques Vert Plc Executive Incentive Plan ('the Plan') subject to the Rules of the Plan and the satisfaction of agreed performance conditions.

                                                              No. of Shares

Paul Allen, Chief Executive                   709,043

Ian Johnson, Finance Director              425,661

In addition, the Company announces that Paul Allen has become beneficially interested in 100,000 of Ordinary shares in the Company as a result of the acquisition today of such shares at a price of 6.1 pence per share. The shares were purchased on his behalf by his self invested pension plan. 

Following the purchase of these Ordinary Shares, Mr Allen is beneficially interested in 1,157,794 Ordinary shares in the Company:

CONTACTS:        

Paul Allen, Chief Executive

Ian Johnson, Group Finance Director

Jacques Vert Plc

Tel: 08700 345636

 

Alistair Mackinnon-Musson

Nicola Savage

Hudson Sandler 

Tel: 020 7796 4133

Email: jacquesvert@hspr.com

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