Director/PDMR Shareholding

RNS Number : 9883A

Essentra plc

26 February 2014

 



26 February 2014

Essentra plc

Persons Discharging Managerial Responsibilities ("PDMRs")

Share Transaction

Essentra plc today announces that it has been advised that PT Sreekumar and Malcolm Waugh, both PDMRs have made the following share transactions.

PT Sreekumar

·      Transfer of 30,701 ordinary shares awarded under the Company's Long Term Incentive Plan Part B ('the LTIP') granted in August 2010 following satisfaction of performance conditions.

·      Sale of 79,000 ordinary shares at a price of £8.68 per share in part to satisfy costs and taxes associated with previous share transfers under the LTIP to Sreekumar.

Following completion of these transactions, Sreekumar owns 336,146 ordinary shares which represents 0.143% of the Company's voting rights.

Malcolm Waugh

·      Transfer of 37,382 ordinary shares awarded under the Company's Long Term Incentive Plan Part A granted in August 2010 (the 'Award') following satisfaction of performance conditions. The option price per share of the Award was £2.369 per share

·      23,014 shares were sold at a price of £8.79 to meet the cost of the Award and the taxation liability which arose from the option exercise with Malcolm retaining the balance of 14,368.

Following completion of these transactions, Malcolm owns 39,445 ordinary shares which represents 0.017% of the Company's voting rights

Enquiries

Essentra plc Jon Green Company Secretary & General Counsel Tel: [phone]

 

END

 

 

RDSPGUPCPUPCGGQ