RDS Director/PDMR Shareholding

RNS Number : 2161B

Molins PLC

28 February 2014

 

COMPANY ANNOUNCEMENT

For immediate release                                                                             28 February 2014

DIRECTORS/PDMR SHAREHOLDING

DEFFERED SHARE AWARDS

Molins PLC announces that a deferred share award of ordinary shares in the Company was made on 27 February 2014 by its Remuneration Committee, as a nil cost option under the rules of the Company's annual management incentive bonus scheme, to the following directors:

Director                                                                      Number of Ordinary

Shares of 25p each

Mr D J Cowen                                                                      42,000

Mr R C Hunter                                                                      47,600

In order for the award to be realised the director must remain in employment for three years from the award date. The rights in the shares are deferred, such that any dividends and other distributions attaching to the shares between the date of the award and the realisation date do not form part of the award. In exceptional circumstances and at the Company's discretion, the Company may make a cash payment of a sum equivalent to the value of the shares that would otherwise vest.

 

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