DIRECTOR PDMR SHAREHOLDING 9 JUNE 09 9 June 2009 The company's Long-term Incentive Plan ("LTIP") - Highlights
The Company announces the release of conditional share awards granted on 05 June 2006 under the Company's LTIP to its Executive Directors and PDMRs.
The Company has achieved upper quartile total shareholder return performance when measured against the designated comparator group over the three year performance period. Therefore in accordance with the rules of the LTIP 100% of the shares subject to the awards have been released and on 8 June 2009 the Executive Directors and PDMR listed below became the legal and beneficial owners of the following Ordinary shares of the Company: Executive
Directors | Number of Ordinary Shares
Released | % Issued Share
Capital | | George Earle | 31,007 | 0.04% | | Dominic Taylor | 43,720 | 0.06% | | Tim Watkin-Rees | 25,891 | 0.03% | | | | | | PDMR | | | | Mike Igoe | 7,984 | 0.01% |
The release of these Ordinary shares has resulted in a personal tax liability based on the value on their release. On 08 June 2009 the Executive Directors and PDMR listed below disposed of the following Ordinary shares of the Company at a price of £5.3235 per share for the sole purpose of paying the tax on release of the awards. Executive
Directors | Number of Ordinary Shares
Sold | % Issued Share
Capital | | George Earle | 12,758 | 0.02% | | Dominic Taylor | 17,989 | 0.02% | | Tim Watkin-Rees | 10,653 | 0.02% | | | | | | PDMR | | | | Mike Igoe | 3,286 | 0.005% |
The Executive Directors/PDMR total holdings under the LTIP following this awards are set out below: Executive
Directors | Total LTIP following the Release | % Issued Share
Capital | | George Earle | 127,029 | 0.18% | | Dominic Taylor | 193,223 | 0.29% | | Tim Watkin-Rees | 107,118 | 0.16% | | | | | | PDMR | | | | Mike Igoe | 17,003 | 0.03% |
DEFERRED SHARE BONUS PLAN ("DSB") Following the completion of the three year holding period, and the achievement of the required earnings per share growth, 100% of the Deferred Bonus Shares granted on 5 June 2006 have been released. Accordingly, on 8 June 2009, the Executive Directors and PDMR listed below became the legal and beneficial owners of the following Ordinary shares of the Company: Executive
Directors | Number of Ordinary Shares
Released | % Issued Share
Capital | | George Earle | 7,022 | 0.01% | | Dominic Taylor | 8,206 | 0.01% | | Tim Watkin-Rees | 5,877 | 0.01% | | | | | | PDMR | | | | Mike Igoe | 610 | 0.001% |
The release of these Ordinary shares has resulted in a personal tax liability base on the value on their release. On 8 June 2009 the Executive Directors listed below disposed of the following Ordinary shares of the Company at a price of £5.3235 per share for the sole purpose of paying the tax on release of the awards. Executive
Directors | Number of Ordinary Shares
Sold | % Issued Share
Capital | | George Earle | 2,890 | 0.004% | | Dominic Taylor | 3,377 | 0.005% | | Tim Watkin-Rees | 2,419 | 0.004% | | | | | | PDMR | | | | Mike Igoe | 610* | 0.0009% |
The total holdings under the DSB for the Executive Directors' and PDMR listed below following this award are set out below: Executive
Directors | Total Bonus Shares | Total Deferred Bonus | % of Issued Share | | George Earle | 16,641 | 28,207 | 0.04% | | Dominic Taylor | 20,706 | 35,096 | 0.08% | | Tim Watkin-Rees | 14,004 | 23,736 | 0.04% | | | | | | | PDMR | | | | | Mike Igoe | 1,052 | 1,782 | 0.004% |
* The full amount of shares released were sold. - ends - | 
