Novae Group plc
Director / PDMR shareholding
On 9 January 2009, the beneficial interests of two of the executive
directors of Novae Group plc ("the Company") in the Company's £1.00
ordinary shares increased as set out in the table below owing to -
i) the automatic transfer into their Novae Self-Invested Personal
Pensions ("SIPP") of some of the shares held on their behalf by the
trustees of the Novae Group Share Incentive Plan ("SIP") (their
respective interests in the SIP are not included in the total of
beneficial interests in the Company's ordinary shares announced from
time to time and this transfer of existing holdings is consequently
reported as an increased interest); and
ii) the SIPP administrator's putting into effect the directors'
standing instruction to purchase the Company's ordinary shares with
SIPP cash balances arising from tax recoveries and accumulated
dividends, which transactions were effected at a price of £3.35 per
share.
+----------------------------------------------------------------------------+
|Name |Beneficial |% |Transfer|Investment in ordinary|Aggregate|% |
| |interest in | |of |shares of cash balance|interest | |
| |ordinary | |ordinary|held in SIPP |c/fwd | |
| |shares b/fwd| |shares | | | |
| | | |from SIP| | | |
| | | |to SIPP | | | |
| | | | | | | |
|-------+------------+------+--------+----------------------+---------+------|
|MK Fosh|588,275 |0.803%| 851| 340| 589,466|0.805%|
| | | | | | | |
|-------+------------+------+--------+----------------------+---------+------|
|AM |402,039 |0.549%| 614| 7,103| 409,756|0.560%|
|Nichols| | | | | | |
| | | | | | | |
+----------------------------------------------------------------------------+
For further enquiries:
MJ
Turvey
Group Legal Counsel and Company Secretary
020 7903 7300
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