Time now for all us Wiggins watchers to move with the times and start using Planestation, the new company identity. The name Wiggins Group plc has now disappeared from the database at Companies House and Planestation is now listed on the LSE website.

So fellow travellers, forget Wiggins, the name of the game is now PLANESTATION. Lets hope it goes like an express train.

Thanks catta

BTW

If you or anyone else in the area have got a digital camera then showing us some pics of the activity would be most welcome.

Well done catta - nice to get some on the spot news! Sounds a bit encouraging anyway.

Not so sure that a portacabin is going add much to the development of PTG. As long as traffic keeps coming and going that must be the main thing. How many hangers are there at Manston? I have a small interest in PTG and obviously look forward to PTG's future success. Todays trades seem well biased towards Buys. Largest recorded so far today 1 mill buy.
Thanks catta for your info.

Large buys today, I wonder who it is.

optomistic
I'm unsure of this but I believe that temporarily the Travelstation shop is moving out of the terminal to free up space for passenger facilities. Perhaps a local can confirm this.

I see that Geoff Lansbury, property director has been ousted today. He had overall responsibility for Manston. Seems to be a clean sweep of the old guard. Any comments?

jj50

It could be a good thing.

The old guard had a bad track record.

Planestation Group PLC
05 May 2004



PRESS RELEASE


5 May 2004


PlaneStation Group Plc
Share Incentive Package for Chief Executive


PlaneStation Group plc, the airport owner/operator and property company, is
pleased to announce that it has agreed to extend the initial term of Martin
May's appointment, its new CEO, to two years. The Company has also agreed the
terms of a performance based share incentive package for Martin May.

The package consists of share options in two tranches, each consisting of 12.5
million shares. The exercise price for each tranche will be 4.47p per share.
The principal criterion by which the performance thresholds will be measured
will be the return to shareholders, with a higher threshold set for the second
tranche.

The Company expects to present full particulars of these options and seek
shareholders' approval (which is a condition of the option package) in due
course.


Further enquiries:

Isabel Crossley St Brides Media 020 7242 4477

PlaneStation Group plc 020 7495 8686


- ENDS -


This information is provided by RNS
The company news service from the London Stock Exchange ILFEREFIEIIS

JRM remaining very quite!! Nothing further from your director contact? or have you been sworn to secrecy :-))

The other option optomistic is that his Director friend was Geoff Lansbury, and he'd just found out he wasn't part of the future!

As for the RNS imho this is particularly good news. May has committed to the company for two years and has been given a huge share based incentive to succeed. On the basis of his achievements at Cape where the share price has increased more than ten fold this must be seen as positive.

It would be nice to hear confirmation of the deal and terms at Liverpool, if there is one.

also, near the end of the day there was two trades for 2m and 2.75m which were near the mid price but listed as sells and then another after the close for 1.75m. Were these actually buys?

Interesting to see the market reaction first thing in the morning - hopefully a nice tick up

5 May 2004


PlaneStation Group Plc
Share Incentive Package for Chief Executive


PlaneStation Group plc, the airport owner/operator and property company, is
pleased to announce that it has agreed to extend the initial term of Martin
May's appointment, its new CEO, to two years. The Company has also agreed the
terms of a performance based share incentive package for Martin May.

The package consists of share options in two tranches, each consisting of 12.5
million shares. The exercise price for each tranche will be 4.47p per share.
The principal criterion by which the performance thresholds will be measured
will be the return to shareholders, with a higher threshold set for the second
tranche.

The Company expects to present full particulars of these options and seek
shareholders' approval (which is a condition of the option package) in due
course.


How long did it take him at Cape, Fundamentalist? I could well use a ten bagger,
can't wait too long, need a new car :-)))
opto

Just noticed Magisteve posted this RNS earlier, Sorry Magisteve.

Optomistic - Cape chart posted below. (EPIC: CIU)

a quick history from Capes RNS news:

Nov 02 May made MD
May 03 Focus to be on property sales to shore up balance sheet
Jun 03 May made Chairman, and FD leaves group, replaced by an ally of May
Nov 03 May buys shares
Mar 04 May buys shares


Nov 02 the share price was 6p
Current Price 90p

Gain 1400%.

Now, it is obviouslty clear that the two companies are not directly comparable but it gives an indication as to Mr Mays turnaround capabilities. Id be happy if he has half the success with PTG!!!!!!!

Thanks Fundamentalist, impressive record there, we would all be very happy especially Mr May if he pulls off another performance like that with PTG!!
Will buy some fibreglass and body filler tommorrow, could make the motor last another year

Optomistic - i like your style - good luck with the car repairs lol

moving up nicely after news yesterday . fingers x
2,713,565 buys 15,892,972 sells

G12

About ready for a further m/u - any more for any more at 5 pennies sterling? Be quick!

Why ? what happens next ?

I got in a couple of days ago at 4.5p. Hope we'll see the SP continue to get stronger :) and some good news announcements soon :)

Things are looking good today!

Still no news on the Garden Festival site.

Next? Its already occurring - another humungous trade being worked through, whilst the little men sit awaiting a dip that won't happen :-)