Director/PDMR Shareholding

RNS Number : 1194H

Intertek Group PLC

23 May 2011

 



Intertek Group plc

Ordinary shares of £0.01 each ("Shares")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.2 R

Director/PDMR:          Wolfhart Hauser

                                    Lloyd Pitchford

On 8 March 2011, under the terms of the new Intertek 2011 Long Term Incentive Plan (the 'Plan'), Wolfhart Hauser and Lloyd Pitchford received the following conditional rights to acquire ordinary shares of 1p each in the Company ("Shares"). Following the approval of the Plan by shareholders at the Annual General Meeting on Friday 20 May 2011, the grant of awards has become unconditional.

Name	Number of Share Awards	Number of Performance Awards
Wolfhart Hauser	31,938	68,876
Lloyd Pitchford	16,034	32,068

The Share Awards shall normally vest three years from the grant date, subject to continued employment with the Intertek Group. Performance Awards are additionally subject to the achievement of a performance target. The awards were granted on the basis of an average share price of £18.98.

No consideration was paid for the grant of the awards.  No price is payable on the vesting of the awards.

Following this notification Wolfhart Hauser has a total interest in 364,218 share awards and Lloyd Pitchford 91,477.

Authorised official of issuer responsible for making notification:

Ida Woodger, Company Secretarial Assistant

 

END

 

 

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