Directorsand Persons Discharging Managerial Responsibilities' Interests
Performance Restricted Share Plan ('PRSP')
The ExecutiveDirectorsof the Company, Tim Clarke,Mike Bramley,Adam FowleandJeremy Townsend, today increased their holdings in the Company's shares through the exercise of PRSP options.
The Executive Directorssold only sufficientof the shares under optionin orderto finance the resultant tax,National Insuranceliabilitiesand dealing costsarising on exercise.
Details of the exercisesare shown in the table below:
|
Director |
No. of shares under option exercised |
No. of shares sold to meet cost of exercise |
Market value of shares |
No. of shares retained |
|
Tim Clarke |
111,800 |
46,001 |
145.3168p |
65,799 |
|
Mike Bramley |
75,939 |
31,246 |
145.3168p |
44,693 |
|
Adam Fowle |
52,306 |
21,523 |
145.3168p |
30,783 |
|
Jeremy Townsend |
35,752 |
14,712 |
145.3168p |
21,040 |
As a result of the above, the Executive Directors' share interests in the Company are:
|
Director |
Ordinary shares |
Shares under option |
|
Tim Clarke |
1,006,287 |
2,231,871 |
|
Mike Bramley |
558,778 |
1,226,628 |
|
Adam Fowle |
66,940 |
776,655 |
|
Jeremy Townsend |
45,531 |
637,202 |
In addition the following Person Discharging Managerial Interests increased their holdingin the Company's shares through the exercise of PRSP options. Again, only shares to finance the resultant tax,National Insurance liabilitiesand dealing costsarising on exercisewere sold. Details are shown in the table below:
|
PDMR |
No. of shares under option exercised |
No. of shares sold to meet cost of exercise |
Market value of shares |
No. of shares retained |
|
Bronagh Kennedy |
39,686 |
16,330 |
145.3168p |
23,356 |
As a result of the above, Bronagh Kennedy'sshare interests in the Company are:
|
PDMR |
Ordinary shares |
Shares under option |
|
Bronagh Kennedy |
131,355 |
676,569 |
Contact details:
Rachel Benjamin
Assistant Company Secretary
Telephone 0121 498 5223