Director/PDMR Shareholding

RNS Number : 2177J

Compass Group PLC

28 November 2008

 

                        COMPASS GROUP PLC: DIRECTOR/PDMR SHAREHOLDING

Compass Group PLC (the 'Company') announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibility ('PDMR') in ordinary shares of 10 pence each in the share capital of the Company ('Shares').

1. Purchase of Shares

On 27 November 2008, Sir Roy Gardner, Chairman, increased his connected persons' shareholding* in the Company by the purchase of 13,878 Shares each at a purchase price of 278.51 pence each per share. 

2.  Long-Term Incentive Plan Award

On 28 November 2008, an award was made under the Compass Group PLC Long-Term Incentive Plan ('LTIP') to the Directors and PDMRs detailed below. The number of Shares referred to is the maximum available if the corporate performance conditions for the period, which commenced on 1 October 2008 and end on 30 September 2011, are satisfied in full.  There is no retesting facility.

Name	Director or PDMR	Shares Under Conditional Award
Richard Cousins	Director	381,540
Gary Green	Director	256,856
Andrew Martin`	Director	228,924
Didier Coutte	PDMR	191,860
Ian El-Mokadem	PDMR	185,318
Andrew Furlong	PDMR	130,812
Jane Kingston	PDMR	128,632
Miguel Ramis	PDMR	186,348
Mark White	PDMR	143,894

Under the LTIP, participants may become entitled to Shares if the Company satisfies stringent corporate performance targets based upon Total Shareholder Return relative to companies in the FTSE 100 index (excluding its financial services constituents), and Free Cash Flow, each relating to 50% of an award.  

3.  Long Term Incentive Plan Release

On 28 November 2008, the following Directors and PDMR exercised their rights over vested awards made under the Long Term Incentive Plan (which were granted for nil consideration) following satisfaction of both the Free Cash Flow and Total Shareholder Return performance conditions in the three years ended 30 September 2008 and the following Shares were issued. 

Name	Director or PDMR	Number of Shares
Richard Cousins	Director	727,272
Andrew Martin	Director	460,606
Ian El-Mokadem	PDMR	387,878

Of the shares issued as noted in the above table, shares were sold on 28 November 2008 at 296.01p per Share in order to realise sufficient funds to settle resultant tax and social security liabilities arising from such issue as shown below.

Name	Number of Shares sold
Richard Cousins	294,226
Andrew Martin	186,343
Ian El-Mokadem	156,920

4.  Release of All-Employee Plan Shares

On 28 November 2008, Gary Green, a Director, who is responsible for the Group's US, 

Canadian and Mexican businesses, was issued with 6,187 Shares for no consideration which vested on 1 September 2008 under his 2005 grant of share appreciation rights. The grant was made under the Compass Group PLC 1999 Stock Bonus Plan, an all-employee share plan for US employees. No grants have been made under the Plan since 2005 and no extant awards remain in force.

5. Resultant Shareholdings

Following the transactions detailed above, Messrs Gardner, Cousins, Martin, Green and El-Mokadem have increased their holdings and are interested in Shares as shown below:

Name	Number of Shares	Percentage of Issued Share Capital
Sir Roy Gardner	213,878	0.0116%
Richard Cousins	733,046	0.0398%
Andrew Martin	432,822	0.0235%
Gary Green	630,457	0.0342%
Ian El-Mokadem	300,958	0.0163%

* of which 13,878 Shares are registered in the name of R.A.G. Associates Limited.

ENDS

Enquiries:

Compass Group PLC

[phone]

Investors/Analysts: Mark J White, General Counsel & Company Secretary

Media: Chris King, Group Head of Media Relations

Compass Group is the world's leading foodservice company. We specialise in providing food, vending and related services on our clients' premises and we generated annual revenues of around £11 billion in the year to 30 September 2008. The company operates across the following core sectors of Business and Industry (B&I), Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio. For more information visit www.compass-group.com.

 

END

 

 

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