Director Shareholding
Fuller,Smith&Turner PLC
24 June 2004
Fuller, Smith & Turner P.L.C. ("Fuller's" or the "Company")
Long Term Investment Plan ("LTIP")
Directors' interests in ordinary shares of the Company
Fuller's granted awards to directors and employees under its LTIP in June 2001.
These awards included both listed "A" ordinary shares of £1.00 each and unquoted
"B" ordinary shares of 10p each. On 24 June 2004, the Company's Remuneration
Committee determined that in accordance with the parameters of the Plan, 44.2
per cent of the initial awards would be vested in those employees entitled.
Under the rules of the LTIP the shares allocated to directors and employees vest
today, 24 June 2004. To facilitate the financing of the resultant tax and
National Insurance liabilities, each allottee has sold in the market a
proportion of the "A" ordinary shares so awarded today at 645p per "A" ordinary
share. In accordance with the terms of the LTIP, where the resultant shares
have been re-deposited with the LTIP a further matching award has been granted.
The table below sets out the entitlements of the following directors of the
Company, as a consequence of today's vest, match and sale.
"A" Ordinary £1.00 shares
Director Shares Granted Shares Released Sold for Tax/NI Re-deposited Matched Released
P A Clarke 3,197 1,413 707 706 706 0
S Emeny 7,251 3,205 1,603 1,602 1,602 0
R J Roberts 4,402 1,945 973 972 972 0
M J Turner 7,839 3,464 1,732 1,732 1,732 0
T J M Turner 3,114 1,376 688 688 688 0
"B" Ordinary 10p shares
Director Shares Granted Shares Released Sold for Tax/NI Re-deposited Matched Released
P A Clarke 7,992 3,532 - 1,766 1,766 1,766
S Emeny 18,128 8,012 - 4,006 4,006 4,006
R J Roberts 11,005 4,864 - 2,432 2,432 2,432
M J Turner 19,598 8,662 - 4,331 4,331 4,331
T J M Turner 7,786 3,441 - 1,720 1,720 1,721
Enquiries:
Fuller, Smith & Turner P.L.C.
Marie Gracie, Company Secretary 07956 559285
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