Director/PDMR Shareholding

RNS Number : 5039A

Morgan Sindall Group PLC

20 March 2013

Morgan Sindall Group plc

('the Company')

Notification of Transactions by Directors

Executive Remuneration Plan 2005 (the 'Plan')

On 17 March 2010 the Company granted awards under the Plan to its executive directors in respect of ordinary shares of 5p each in the Company ('shares'). These awards took the form of performance shares or, at the election of each individual, options to subscribe for shares and were subject to an absolute earnings per share performance target for the year ended 31 December 2012. Following completion of the performance period, the Company announces that 48.8% of the performance share awards have vested and that 46.3% of the share options have become exercisable. The remainder of the awards which have not vested or become exercisable has now lapsed.

Performance share awards

The Company therefore announces the number of shares which were transferred to Paul Whitmore on 18 March 2013. These shares include additional shares representing the dividend equivalent to which he is entitled under the Plan. These shares were satisfied from market purchased shares held in the Morgan Sindall Employee Benefit Trust.

In addition, he has disposed of a proportion of the shares vesting in order to fund the tax and national insurance contribution payable in respect of them.

Name of Director

Number of performance shares awarded

17 March 2010

48.8% of performance share awards vesting

Number of dividend equivalent shares

Total number of shares vested

Number of shares disposed

Number of performance share awards lapsed

Total number of shares transferred

Paul Whitmore

36,486

17,805

3,052

20,857

10,846

18,681

10,011

The market value of a share on 18 March 2013 was 550.5p and the shares disposed were sold to the Morgan Sindall Employee Benefit Trust at that price.

Share Options

The Company also announces the number of share options which became exercisable by John Morgan from 18 March 2013.

Name of Director

Number of options granted

17 March 2010

46.3% of share options becoming exercisable

Exercise price

Number of share options lapsed

John Morgan

229,728

106,364

£5.55

123,364

Following these transactions, the interests (all of which are beneficial) of the above directors in the share capital of the Company are as follows:

Name of Director	Beneficial interest in shares	% 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	10.40	496,930	149,410
Paul Whitmore	72,851	0.17	1,814	141,817