Director/PDMR Shareholding

RNS Number : 5474P

PZ CUSSONS PLC

04 October 2011

 



4 October 2011 

PZ Cussons Plc (the 'Company') 

Performance Share Plan - release of shares 

The Company announces that on 3 October 2011 ordinary shares of 1p each in the Company were transferred to the following Executive Directors and persons discharging managerial responsibility ('PDMRs') by the Paterson Zochonis Employee Trust ('the Trust') in relation to awards made in 2008 under the Company's Performance Share Plan ('PSP'). The shares have been held in trust for three years and, the performance conditions relating to the awards having been fully achieved, have been released in accordance with the rules of the PSP.

In addition the Executive Directors and PDMRs sold the number of shares listed below for a price of £3.3480 per share to discharge their tax obligations arising from the release of the shares. 

Executive Director	Number of shares awarded under the PSP	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	225,750	117,390	108,360	409,340	0.09%
Mr C G Davis	141,820	73,746	68,074	258,515	0.06%
Mr B H Leigh	138,920	72,238	-	86,022	0.02%
Mr J Pantelireis	127,350	66,222	61,128	181,340	0.04%

On the same day Mr Leigh sold 66,682 ordinary shares to the Trust for a consideration of £3.3480 per share.

PDMR	Number of shares awarded under the PSP	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
Ms E Birchall	45,580	23,702	-	-	0%
Mr C Gendis	44,860	23,327	21,533	28,642	0.006%
Mr S O'Hara	34,940	18,169	-	-	0%
Mr S Plant	33,280	17,306	12,987	12,987	0.003%
Mr N Simonsz	41,960	21,819	20,141	20,141	0.004%

Messrs Birchall and O'Hara sold their balance of shares to the Trust for a consideration of £3.3480 per share and Mr S Plant sold 2,987 shares to the Trust for a consideration of £3.3480 per share.

On the same day, Mr G Kostianis, who has recently been designated by the Board of the Directors of the Company as a PDMR, was awarded 42,690 shares in the Company under the PSP. Following this award, Mr Kostianis holds 92,530 shares in the Company (comprising 0.02 % of the total shares in issue).

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 238,257 shares (0.05%).

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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