Director/PDMR Shareholding

RNS Number : 8661P

Morgan Sindall PLC

31 March 2009

 



MORGAN SINDALL plc

(the 'Company')

Notification of Transactions by Directors 

Awards under the Morgan Sindall Executive Remuneration Plan

On 30 March 2009, directors of the Company were granted options and/or conditional share awards over ordinary shares of 5p each in the capital of the Company ('shares') under the Morgan Sindall Executive Remuneration Plan 2005 ('the Plan').  Under the Plan the directors were allowed to choose between receiving either conditional share awards or options or a mixture of both.

Details of the directors and the number of shares under option and/or conditional share awards granted to them under the Plan are set out below:

Director	Number of shares over which options awarded	Number of conditional shares awarded
John Morgan	219,828	Nil
Paul Smith	129,310	32,328
David Mulligan	76,294	19,073
Paul Whitmore	Nil	34,914

The exercise price for the above options is £5.80 per share.  Subject to the satisfaction of an earnings per share performance condition, options will normally be exercisable for a period of 7 years from 30 March 2012. No consideration was paid for the grant of the options.

Conditional share awards do not have an exercise price and will normally vest on 30 March 2012 being the third anniversary of the date of grant, subject to continued employment with the Company and the satisfaction of an earnings per share performance condition.  No consideration was paid for the grant of the awards.

Following the granting of the above options and conditional share awards under the Plan these directors maintain the following beneficial interests in the issued share capital of the Company:

Director	Beneficial interest in the shares of the Company	% of the issued share capital of the Company	Total number of shares over which options are held	Total number of  conditional share awards held
John Morgan	4,497,508	10.46	625,740	Nil
Paul Smith	171,622	0.399	373,706	76,177
David Mulligan	16,954	0.039	206,248	40,374
Paul Whitmore	51,257	0.119	Nil	80,255

This notification relates to transactions notified in accordance with both Disclosure Rule 3.1.4R (1) (a) and Disclosure Rule 3.1.4R (1) (c).   

Contact:

Mary Nettleship        Tel: [phone]

Company Secretary

31 March 2009

 

END

 

 

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