Director/PDMR Shareholding

RNS Number : 8174M

PZ CUSSONS PLC

22 August 2011

 

22 August 2011 

PZ Cussons Plc (the 'Company') 

Deferred Annual Share Bonus Scheme - release of shares 

The Company announces that on 22 August 2011 ordinary shares of 1p each in the Company were transferred to the Executive Directors of the Company and certain persons discharging managerial responsibility ('PDMRs') by the Paterson Zochonis Employee Trust ('the Trust') in relation to deferred awards made in 2008 under the Company's Deferred Annual Share Bonus Scheme ('DASBS'). The shares have been held in trust for three years and have been released in accordance with the rules of the DASBS.

On the same day, the Executive Directors and PDMRs sold the number of shares listed below for a price of £3.4860 per share to discharge their tax obligations arising from the release of the shares. 

Executive Director	Number of shares awarded under the DASBS	Number of shares sold to discharge tax liability	Total shares released to certificate	Number of shares held in the Company following the award	Total beneficial interest
Mr G A Kanellis	38,480	20,010	18,470	300,980	0.07%
Mr C G Davis	19,880	10,338	9,542	190,441	0.04%
Mr B H Leigh	23,320	12,126	11,194	86,022	0.02%
Mr J Pantelireis	22,850	11,882	10,968	120,212	0.02%

PDMR	Number of shares awarded under the DASBS	Number of shares sold to discharge tax liability	Total shares released to certificate	Number of shares held in the Company following the award	Total beneficial interest
Mr C Gendis	2,240	1,165	1,075	8,184	0.001%
Mr S O'Hara	6,700	3,484	3,216	3,216	0%
Ms E Birchall	8,740	4,545	4,195	4,195	0%

The Trust is a discretionary trust under which the class of beneficiaries who may benefit comprises all bona fide employees and former employees of the Company and its subsidiaries including members of such employees' and former employees' immediate families. Accordingly, the Executive Directors and PDMRs of the Company are included in the class of beneficiaries and are deemed to have an interest in all of such shares. Subsequent to the above dealings, the Trust's holding in the ordinary shares of 1p in the Company is 933,319 shares (0.21%).

Name of contact and telephone number for queries:  

Sam Plant  

Company Secretary, PZ Cussons Plc, (T) (00) 44 (0)161 435 1000   

 

END

 

 

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