Director/PDMR Shareholding: Disclosure and Transparency Rules 3.1.4R(1)(a)
Following a recommendation made by Barclays PLC ('the Company') on 2 June 2009, the independent trustee of the Barclays Group (PSP) Employees' Benefit Trust (the 'PSP Trust') notified the Company on 4 June 2009 that on 4 June 2009 it had resolved to confirm the granting of the following awards under PSP to Directors of the Company:
Director |
Allocation of performance shares (a) |
Maximum number potentially releasable |
Mr CG Lucas |
532,682 |
1,598,046 |
Mr FF Seegers |
1,065,365 |
3,196,095 |
Note:
(a) |
Under PSP, awards are granted as a provisional allocation and do not give rise to any entitlement to the shares. At the third anniversary, shares may be released by the trustee subject to performance conditions being satisfied. |
The calculation of the initial award allocation was based on a share price of £1.501832, which was the average price paid for the Company's shares by the trustee between 18 March 2009 and 15 April 2009. No consideration was paid for the grant of any award.