Director/PDMR Shareholding

RNS Number : 6727M

Kier Group PLC

19 September 2012

 



KIER GROUP PLC - DIRECTOR/PDMR SHAREHOLDINGS

Grant of awards under Long-Term Incentive Plan

Kier Group plc (the "Company") announces that, on 14 September 2012, it was notified that awards of contingent rights to receive the following maximum numbers of shares in the capital of the Company had been made to the following directors and person discharging managerial responsibilities ("PDMR") under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan"), at no cost to the individuals and subject to satisfaction of the performance targets and the rules of the Plan:

Mr S Bowcott	24,496 shares
Mr I M Lawson	28,029 shares
Mr H J Mursell	48,993 shares
Mr M P Sheffield	33,490 shares
Mr H E E Raven (PDMR)	12,847 shares

The price used for the purposes of calculating these awards was £14.01, being the middle market quotation of a share in the capital of the Company on 13 September 2012.  These awards will not be included for the purposes of calculating the total beneficial interests of these individuals in the capital of the Company unless and until they vest.

Deferred shares

The Company was also notified on 14 September 2012 that the following directors and PDMR were allocated beneficial interests in the following numbers of shares in the capital of the Company:

Mr S Bowcott	2,812 shares
Mr I M Lawson	3,281 shares
Mr H J Mursell	2,757 shares
Mr M P Sheffield	3,920 shares
Mr H E E Raven (PDMR)	745 shares

The beneficial interests in these shares have been allocated to the above-named individuals, at no cost to them, as part of the Company's bonus arrangements for the financial year ended 30 June 2012.  The legal title to the shares is held by the trustee of the Kier Group 1999 Employee Benefit Trust (the "Trustee").

The Trustee will hold the shares on trust for such individuals until 14 September 2015 (subject to the rules of the bonus arrangements). The price at which the beneficial interests in the shares were allocated was £14.01, being the middle market quotation of a share in the capital of the Company on 13 September 2012.

Following these allocations, the total beneficial interests of the individuals (including any persons connected to them) were:

Mr S Bowcott	8,612 shares	0.022% of the issued share capital
Mr I M Lawson	29,033 shares	0.073% of the issued share capital
Mr H J Mursell	10,207 shares	0.026% of the issued share capital
Mr M P Sheffield	49,515 shares	0.125% of the issued share capital
Mr H E E Raven (PDMR)	1,143 shares	0.0029% of the issued share capital

For enquiries please contact:

          Deborah Hamilton

          Deputy Company Secretary

          Kier Group plc

          Tempsford Hall

          Sandy

          Bedfordshire

          SG19 2BD

Tel: [phone]

 

END

 

 

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