Release of shares from Founda

RNS Number : 9149E

Galiform PLC

31 December 2009

 



GALIFORM PLC

DISCLOSURE OF TRANSACTIONS CONDUCTED BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY.

Release of shares from Foundation Plan 2007

The Company was notified today that the following Directors and Persons Discharging Managerial Responsibility (PDMR) have increased their shareholding in the Company due to a release of shares from the Foundation Plan 2007 (the "Plan").  

Under the rules of the Plan, awards which vested on 31 December 2007 (subject to the achievement of performance conditions) were then held conditionally on behalf of the executives by the Company's Employee Benefit Trust for a two year period before being released on 31 December 2009.  

The release of shares increases the individual shareholdings of the following PDMRs: 

Executive Directors	Foundation Plan Shares Released	Shareholding following release
Matthew Ingle	239,880	2,361,930
Mark Robson	153,256	680,683
Persons discharging managerial responsibility
Robert Fenwick	95,951	474,151
David Hallett	95,951	365,951
Chris Youell	95,951	626,635
Andrew Witts	53,306	86,465

This announcement is made in accordance with the requirements of Disclosure and Transparency Rule 3.1.4.R

Enquiries should be directed to:

Caroline Bishop, Company Secretary:    020 7535 1140

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