Director/PDMR Shareholding

RNS Number : 4034R

PZ CUSSONS PLC

20 August 2010

 



20 August 2010 

PZ Cussons Plc (the 'Company') 

Deferred Annual Share Bonus Scheme - release of shares 

The Company announces that on 20 August 2010, ordinary shares of 1p each in the Company were transferred at nil cost to the following Executive Directors by the Paterson Zochonis Employee Trust ('the Trust') in relation to deferred awards made under the Company's Deferred Annual Share Bonus Scheme ('DASBS') in 2007. The Executive Directors sold the number of shares listed below for a price of £3.38 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	41,370	21,099	20,271	282,510	0.06%
Mr C G Davis	20,690	10,552	10,138	180,899	0.04%
Mr B H Leigh	24,820	12,658	12,162	74,828	0.01%
Mr J Pantelireis	25,650	13,082	12,568	109,244	0.02%

In addition, Mr C Gendis who has been designated by the Board of the Directors of the Company as a person discharging managerial responsibility was awarded at nil cost 2,520 shares under the DASBS. On the same day Mr Gendis sold the shares for a price of £3.38 per share. After this sale Mr Gendis holds 7,109 ordinary shares in the Company (comprising 0.001% of the total shares in issue).

The shares have been held in trust for three years and have been released in accordance with the rules of the DASBS.

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 1,495,605 shares (0.34%).

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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