Director/PDMR Shareholding

RNS Number : 8464O

Marshalls PLC

13 March 2009

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This notification is made under DTR 3.1.4(1)(a).

The Board of Marshalls plc (the 'Company') were informed on 12 March 2009 that, on 12 March 2009, the Trustees of the Marshalls plc 2005 Employee Benefit Trust granted options to acquire ordinary shares of 25 pence each in the Company (in the form of (a) Matching Share Awards and (b) Performance Share Awards) to Executive Directors and other Persons Discharging Managerial Responsibility ('PDMR'), under the Marshalls plc 2005 Long Term Incentive Plan (the 'LTIP').

(a) Matching Share Awards

Under the rules of the LTIP Directors and Senior Executives may invest their bonus in shares in the Company (Investment Shares) and, in return, are granted a Matching Share Award of Shares.

The Directors have decided to reinvest all of their 2008 bonuses into the LTIP and the Company has granted each of them a Matching Share Award over a number of shares equal to twice the value of the pre-tax equivalent of their investment.

To be eligible to receive the Matching Share Award, the Directors must leave their Investment Shares in the Trust and remain in employment for a period of three years from the date of grant of the Matching Share Award. The actual number of shares transferred to a Director on the vesting of the Matching Share Award will depend on the extent to which a corporate performance target (which relates to growth in the Company's earnings per share) is satisfied over the three year vesting period. No consideration will be payable on the exercise of a Matching Share Award.

The details of the Directors' Investment Shares and Matching Share Awards under the LTIP are as follows:

Director	Value of Investment	Number of Investment Shares purchased	Total beneficial shareholding following this announcement	Number of shares granted under Matching Share Award
Graham Holden	£35,400	43,703	401,666	154,498
Ian Burrell	£20,355	25,129	125,936	88,836
David Sarti*	£20,355	25,129	139,302	88,836

*David Sarti purchased 11,217 ordinary shares of 25 pence each in the capital of the Company on 12 March 2009 at a price of 81 pence per share, on the London Stock Exchange. The Company was informed of this transaction on 12 March 2009.

(b) Performance Shares

In addition certain Directors and Senior Executives have been granted Performance Share Awards. As with the Matching Share Awards, these are subject to the satisfaction of performance conditions measured over a three year period and would only be transferred to the Director or Senior Executive if these targets were met. No consideration was paid for the grant of the Performance Share Award and no consideration will be payable on the exercise of the Performance Share Award. Full details of the LTIP are provided in the Report on Directors' Remuneration in the Marshalls plc 2007 Annual Report.

The following Directors and Senior Executives (being persons discharging managerial responsibilities (PDMRs)) have been granted a Performance Share Award under the LTIP as follows:

Executive Director	Number of shares in respect of which Performance Share Award granted
D G Holden	514,999
I D Burrell	296,124
D N Sarti	296,124

Other PDMR	Number of shares in respect of which Performance Share Award granted
P Hallitt	128,749
C Harrop	128,749
K R Hull	128,749
T Poole	128,749
C Baxandall	51,499