1 June 2015
PayPoint plc (the "Company")
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
THE COMPANY'S DEFERRED SHARE BONUS PLAN ("DSB")
AND LONG TERM INCENTIVE PLAN ("LTIP")
2012 DSB AWARDS
Following the completion of the three year holding period, and the achievement of the required earnings per share growth, 100% of share awards granted under the DSB on 25 May 2012 have been released. Accordingly, on 29 May 2015 the Executive Directors and PDMR listed below became the legal and beneficial owners of the following Ordinary shares of the Company.
The bonus shares were acquired on 25 May 2012 at a price per share of 625 pence. The matching shares were allocated on 25 May 2012 at a price per share of 625 pence. The midmarket value of the ordinary shares in the Company on the dealing day prior to the date of release was 950 pence per share.
Executive Directors | Number of Bonus shares released |
George Earle | 10,237 |
Dominic Taylor | 13,525 |
Tim Watkin-Rees | 9,366 |
PDMR | Number of Bonus Shares Released |
Graham Bird | 593 |
Jon Marchant | 817 |
Seamus Smith | 1,653 |
Mugur Dogariu | 1,918* |
Executive Directors | Number of Matching Shares Awarded | Number of Matching Shares Released | Awards deducted in lieu of tax and NI** | Balance of Matching Shares released |
George Earle | 21,328 | 21,328 | 10,025 | 11,303 |
Dominic Taylor | 28,178 | 28,178 | 13,244 | 14,934 |
Tim Watkin-Rees | 19,514 | 19,514 | 9,172 | 10,342 |
PDMR | Number of Matching Shares Awarded | Number of Matching Shares Released | Awards deducted in lieu of tax and NI** | Balance of Matching Shares released |
Graham Bird | 1,235 | 1,235 | 581 | 654 |
Jon Marchant | 1,703 | 1,703 | 801 | 902*** |
Seamus Smith | 3,445 | 3,445 | 1,620 | 1,825*** |
Mugur Dogariu | 1,637 | 1,637 | 0**** | 1,637 |
* 639 of the 1918 shares relate to a one off non DSB conditional award and were subject to a holding period of three years. There was no matching share award in respect of these shares
** Tax and National Insurance liability will be satisfied by the Company in cash
*** In lieu of the release of shares, the Company made cash awards to the PDMR in the sum equivalent to 950 pence per share.
*** Tax & National Insurance liability will be satisfied by the PDMR directly.
2012 LTIP AWARDS
Following the completion of the three year holding period, share awards granted under the LTIP on 25 May 2012 have failed to satisfy the Total Shareholder Return performance condition resulting in a nil vesting.