BLS Block Shield

    RNS Number : 1254L
  Block Shield Corporation PLC
  05 January 2009
   


    Block Shield Corporation plc
    ('Block Shield' or the 'Company')

    Director / PDMR Shareholding

    Block Shield Corporation plc, the provider of innovative electronic components and processes utilised in electromagnetic compatibility
('EMC') and Radio Frequency Identification ('RFID') applications, today announces that it has received notification that a major
restructuring of Cloverleaf Holdings Limited ("Cloverleaf") and its assets for inheritance and succession purposes has now been completed,
the consequences of which are that the ownership of Cloverleaf has been transferred to a trust, the beneficiaries of which are the family of
the Company's Chairman, Mr Michael Fitzgerald, but not including himself, his wife or his children. As a result, Mr Fitzgerald is no longer
deemed to be interested in any Ordinary Shares in Block Shield. Nonetheless, notwithstanding the fact that Cloverleaf is no longer deemed to
be controlled by Mr Fitzgerald, in light of the continuing interests of Mr Fitzgerald's wider family, Cloverleaf has confirmed that it will
continue to voluntarily comply with Block Shield's share dealing code on an ongoing basis and support Mr Fitzgerald as the Chairman of the Company.

    Cloverleaf also confirmed that the facility in an amount of US$5,000,000 which it made available to Blockshield was still available in
accordance with its terms.

    For further information contact:

 Block Shield Corporation Plc           +1 408 830 5100
 Edwin Oh, Chief Executive Officer

 Ambrian Partners Limited
 Samantha Harrison                  +44 (0)20 7634 4705

    -Ends-




This information is provided by RNS
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