Director/PDMR Shareholding

RNS Number : 2081E

Future PLC

05 February 2015

Future plc

5 February 2015

Notification of Interests of Persons Discharging Managerial Responsibility ("PDMRs") and connected persons

Future plc ("the Company") announces the following dealings by PDMRs in the Company's ordinary shares of one penny each ("Shares").

On 4 February 2015 the Company received notification from Richard Haley that an Award over 1,629,630 shares in the Company was granted to him by the Company under the Performance Share Plan (PSP).

The PSP Award will vest three years from the date of grant, at no cost to the participant, in accordance with the rules of the PSP provided that the participant remains in employment of the Group at the vesting date and subject to performance targets measured over the three financial years from 1 October 2014 to 30 September 2017 having been met. Vesting of the PSP Awards is subject to both Total Shareholder Return (TSR) and Earnings Per Share (EPS) performance.

The vesting of 50% of the PSP Awards will be determined by the Company's TSR performance measured against the constituent companies of the FTSE Small Cap Index (excluding investment trusts). If the Company's performance places it below median, none of that part of the PSP Awards will vest. If the TSR performance places it above median ranking, 25% will vest through to 100% of that part if the Company is ranked in the upper quintile (top 20%). To alleviate short-term volatility, the return index will be averaged in the TSR calculations for each company over the three months prior to the start and end of the performance period.

The vesting of the other 50% of the PSP Awards will be determined by the Company's EPS performance. EPS growth targets have been determined by the Remuneration Committee for these PSP Awards as follows: in the event that the Company's EPS growth is less than 1.0p, none of that part of the PSP Awards will vest, vesting commences at over 1.0p where 25% of that part of the PSP Awards will vest and, at 1.4p, 100% of that part of the PSP Awards will vest. Vesting will be on a pro rata straight line basis between the two.

As a result of the above, the total interest of Richard Haley in shares in the Company as at 4 February 2015 is as set out in the table below: