Director/PDMR Shareholding

RNS Number : 2339A

PZ CUSSONS PLC

27 January 2011

 



27 January 2011

PZ Cussons Plc (the "Company")  

Announcement to the London Stock Exchange  

This notification is made in accordance with DR 3.1.4R(1)(a).  

On 27 January 2011 Mr Brandon Leigh exercised options granted to him under the Company's Executive Share Option Scheme over 330,211 ordinary shares of 1p in the Company at the following exercise prices:

23,960 shares at £1.104 per share

58,740 shares at £1.298 per share

127,930 shares at £1.407 per share

119,581 shares at £1.6725 per share

On the same day Mr Leigh sold 330,211 ordinary shares to the Paterson Zochonis Employee Trust ("the Trust") for a consideration of £3.6850 per share. 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. The Trust's holding in the ordinary shares of 1p in the Company after this transaction is 1,703,927 shares (0.39%).

After the exercise of options and sale, Mr Leigh (and his connected persons) holds 74,828 shares (comprising 0.01% of the total shares in issue). The Company was informed by Mr Leigh of this dealing in shares on 27 January 2011.  

No new shares have been issued in respect of the dealing above.  

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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