EPE Special Opportunities PLC Director PDMR & other share transactions (7792M)

TIDMESO TIDMEC.P TIDMEO.P

RNS Number : 7792M

EPE Special Opportunities PLC

20 September 2012

EPE Special Opportunities plc

Repurchase of Convertible Loan Notes, Transaction in Own Shares, Director/PDMR Shareholding, Share Capital Update and Share Matching Plan Award

20 September 2012

EPE Special Opportunities plc ("ESO", or the "Company") announces that on 19 September 2012 the Company repurchased 1,343,485 Convertible Loan Notes ("CLNs") of GBP1 each in the Company at a price of 77 pence per CLN inclusive of any interest accrued but unpaid on each such CLN. The Company does not intend to cancel the repurchased CLNs at this point.

Accordingly, there will be 6,062,490 CLNs in issue excluding the CLNs now held by the Company.

On the basis of 31 July 2012 NAV of 89.20p the implied Gross Cover of the CLNs has improved from 4.5x to 5.6x. The Directors of the Company view the repurchase of the CLNs and the increased implied Gross Asset cover as a positive development for the Company.

On 18 September 2012 the following share purchases were made:

The Company repurchased 520,844 shares into Treasury. The Company intends to hold the purchased shares in Treasury.

Giles Brand (the Managing Partner of EPIC Private Equity LLP which is the Investment Advisor to the Company) purchased 729,166 shares in the market and now holds 5,909,620 shares representing 20.24% of the issued ordinary share capital of the Company.

Geoffrey Vero (a Director of the Company) purchased 10,416 shares in the market and now holds 50,416 shares representing 0.17% of the issued ordinary share capital of the Company.

Nicholas Wilson (a Director of the Company) purchased 15,625 shares in the market and now holds 35,625 shares representing 0.12% of the issued ordinary share capital of the Company.

All of the above trades were made at a price of 48 pence per ordinary share,

On 18 September the Company also made the first award under the Share Matching Plan approved by shareholders at the Annual General Meeting on 20 July 2012. Awards of Matching Shares totalling 363,541 were made with shares purchased out of Treasury by the Employee Benefit Trust (established under the Share Matching Plan) to satisfy the awards. All of the awards were made to Eligible Participants including Giles Brand (awards made over 62,500 shares) and two Directors of the Company, Geoffrey Vero (awards made over 10,416 shares) and Nicholas Wilson (awards made over 15,625 shares).

Following the above transactions, there are 29,199,476 ordinary shares in issue (excluding shares held in Treasury).

Enquiries:

   Numis Securities Ltd                                        Tel: [phone] 
   Nominated Advisor:                                            Stuart Skinner 
   Corporate Broker:                                               Charles Farquhar 
   EPIC Private Equity LLP:                                 James Henderson [phone] 

IoMA: Philip Scales [phone]

   Cardew Group:                                                            Richard Spiegelberg / 

Alexandra Stoneham [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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