Directors' Dealings and LTIP Award

RNS Number : 8177F

Cropper(James) PLC

16 November 2015

 

16 November 2015

JAMES CROPPER PLC ('THE COMPANY')

Directors' Shareholdings

Long-Term Incentive Plan Award

The Company announces that on 16 November 2015, under the terms of The James Cropper PLC 2008 Long Term Incentive Plan (the "Plan"), an aggregate of 11,594 ordinary shares of 25 pence each ("Ordinary Shares") in the Company were awarded to the following Director of the Company:

Director	No. of Ordinary Shares Awarded
P.I.Wild	11,594

The share award comprised 60% of the maximum award available under the Plan, and to satisfy the award James Cropper EBT Ltd has transferred 11,594 ordinary shares, of 25p each, to P.I.Wild.

In order to settle the income tax and national insurance liabilities on the award P.I.Wild has sold 5,797 of the ordinary shares awarded to him to James Cropper EBT Ltd, the trustees of the James Cropper Employee Trust, at a price of £6.375 per ordinary share.

As a result of the shares awarded, and sold under the LTIP Scheme, the beneficial interest and outstanding LTIP share options of P.I.Wild in the Company are:

	Beneficial Shareholding	% of Issued Share Capital	Total outstanding LTIP Share Options
P.I.Wild	7,142	0.08 %	72,190

The ordinary shares purchased by James Cropper EBT Ltd will be used to satisfy future releases under the James Cropper PLC 2008 Long Term Incentive Plan.  As a result of the above transactions James Cropper EBT Ltd is now interested in 96,958 Ordinary Shares representing 1.06% of the issued share capital of the Company.

As a result of the movement in the holding of shares in James Cropper EBT Ltd the non-beneficial interest of the following non-executive directors of the Company are:

	Non-beneficial Shareholding	% of Issued Share Capital
D. Mitchell	96,958	1.06 %
J.E. Sharp	96,958	1.06 %
D.R. Wilks	96,958	1.06 %

Enquiries:
Jim Aldridge, Company Secretary	Robert Finlay, David Coaten
James Cropper PLC (AIM: CRPR)	Westhouse Securities Limited
Tel: [phone]	Tel: [phone]
www.cropper.com	www.westhousesecurities.com

 

END

 

 

RDSPKADNKBDDPDD