Director/PDMR Shareholding

RNS Number : 8199L

PZ CUSSONS PLC

15 August 2013

 

15 August 2013

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 15 August 2013 Mr G A Kanellis exercised options granted to him under the Company's Executive Share Option Scheme over 398,110 ordinary shares of 1p in the Company at the following exercise prices:

184,900 shares at £1.298 per share

213,210 shares at £1.407 per share

On the same day Mr Kanellis sold 257,952 ordinary shares to the Paterson Zochonis Employee Trust ("the Trust") for a consideration of £4.04 per share to discharge his tax obligations and to settle his exercise costs. 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 3,720,293 shares (0.87%).

After the exercise of options and sale, Mr Kanellis (and his connected persons) holds 623,952 (comprising 0.15% of the total shares in issue). The Company was informed by Mr Kanellis of this dealing in shares on 15 August 2013.  

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  

 

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