Director/PDMR Shareholding

RNS Number : 9016I

Anite PLC

09 July 2013

9 July 2013

Anite plc ("the Company")

Director / PDMR Shareholding

In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company gives notice of the following changes in share interests of directors, persons discharging managerial responsibilities ("PDMRs") of the Company and their connected persons.

Grant of new awards

Anite plc announces that the following conditional award of shares in the form of nil-cost options were granted on 8^th July 2013 to the Executive Directors. These awards were granted in accordance with the Anite Group plc Performance Share Plan ("PSP") approved by shareholders on 26^th April 2005 and Anite Group plc Share Matching Plan ("SMP") approved by shareholders on 26^th April 2005 (with subsequent amendments approved on 16^th September 2010).

Director	Number of options granted under the PSP	Number of options granted under the SMP
Mr C Humphrey	288,246	951,954
Mr R Amos	192,164	423,091

The mid-market share price at the close of business on the 8^th July 2013 was 137.80p.

Performance Share Plan: The vesting of the PSP is conditional on Total Shareholder Return ("TSR) against a comparator group of companies and adjusted Profit before Interest and Tax performance of the Company's Wireless Division ("PBIT") over the three year performance period from 8^th July 2013 to 8^th July 2016. An underpin to the PBIT target also applies.

Share Matching Plan: The number of shares granted under the SMP comprises of shares pledged by the participant and those awarded by the Company matching the shares pledged on a ratio of two-for-one (grossed up at the participant's marginal tax rate).

For the 2013 award, Mr Humphrey has pledged 252,268 shares to the value of £347,625 and Mr Amos has pledged 112,119 shares to the value of £154,500 as at the mid-market share price at the close of business on the 8^th July 2013 of 137.80p.

The vesting of the SMP is conditional on the same performance criteria as the PSP.

Vesting of the 2010 PSP and SMP

Following the measurement of the TSR and PBIT performance conditions attaching to the 2010 PSP and SMP awards granted on 7^th July 2010 the Remuneration Committee determined that the following share awards would become exercisable for a period of seven years:-

Director	Number of options exercisable under the PSP	Number of options exercisable under the SMP
Mr C Humphrey	861,111	3,207,818
Mr R Amos	513,889	1,276,229

The mid-market share price at the close of business on the 8^th July 2013 was 137.80p

In accordance with the rules of the PSP and SMP, the Remuneration Committee determined that an additional award of shares equal to the value of the dividends that would have been paid on the shares which vested under the PSP and SMP during the performance period. The following table sets out the number of share awards in the form of a nil-cost option which were granted to the granted to the Executive Directors.

Director	Number of options awarded for dividends accrued on the 2010 PSP	Number of options awarded for dividends accrued on the 2010 SMP
Mr C Humphrey	24,259	90,370
Mr R Amos	14,477	35,953

The mid-market share price at the close of business on the 5^th July 2013 (used to determine the shares to be awarded with respect the dividends accrued as per the terms of the plan) was 134.00p. These awards have seven years with which to be exercised from the date of grant.

Total number of shares over which options held following notification:

Director	Number of options held (vested & unvested) - PSP & SMP	Number of other options held (vested & unvested)
Mr C Humphrey	7,521,963	409,451
Mr R Amos	3,281,162	15,270