Director/PDMR Shareholding

RNS Number : 4119R

Harworth Group PLC

26 June 2015

 

HARWORTH GROUP PLC ("Harworth")

DEFERRED SHARE BONUS PLAN

The Board of Harworth, on the recommendation of the Remuneration Committee, has resolved to settle a small outstanding element of the 2014 bonus due to employees and Directors of Harworth Estates Ltd., a scheme which predated Harworth taking control of Harworth Estates Ltd in March 2015, by use of a deferred share bonus plan. This will see awards of £25,000 payable in shares to each of the four senior leadership team of Harworth and lower amounts to other team members, with a total of 41 employees benefitting.

The shares awarded yesterday to the senior leadership team will have a vesting period of three years whilst the shares for employees will have a vesting period of one year.

The scheme will utilise the existing employee share trust of Harworth and the Trustees will acquire 1,695,054 Harworth shares by purchase in the market. The number of shares to be acquired for each employee has been determined using the average middle market price over the five days to 24June 2015 of 11.675p.

The following directors and PDMR's have been awarded shares:

Director/PDMR	Shares awarded	Total interest in shares following award	Percentage
Owen Michaelson	214132	1,134,820	0.04
Michael Richardson	214132	558,959	0.02
Philip Wilson	214132	517,580	0.02
Ian Ball	214132	352,063	0.01

Enquiries

Harworth Group plc

Geoff Mason Company Secretary Tel [phone]
Website: www.harworthgroup.com

 

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