Fiberweb Announcements

Director/PDMR Shareholding

17 November 2008 12:42:19



RNS Number : 2949I Fiberweb Plc 17 November 2008  
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17 November 2008

FIBERWEB PLC (the "Company")

DIRECTORS'  SHAREHOLDINGS
The Company hereby notifies that it acquired and transferred 13,008 ordinary 5p shares of
the Company to Malcolm Coster on 17 November 2008, as soon as possible after the 2 year anniversary of his date of appointment as Non-Executive Chairman of the Company.
The shares were acquired at the price of 31.5 pence per share.

The acquisition and transfer of ordinary shares is in accordance with the terms of Mr Coster's appointment under which he acquired 132,285 ordinary shares of the Company (the "Investment Shares") on 11 December 2006 and the Company agreed to transfer to him one-sixth of the Investment Shares upon completion of each six month period following his date of appointment until November 2009.

The number of shares transferred to Mr Coster on 17 November 2008 is equal to one-sixth of the Investment Shares less the number of shares equivalent to the tax liability due. 

Mr Coster's total beneficial holding in the ordinary 5 pence shares of the Company following this notification is 364,694.

This notification is made pursuant to the Disclosure and Transparency Rule 3.1.4.
This information is provided by RNSThe company news service from the London Stock Exchange  END  RDSGUGGCGUPRGPM

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