Director/PDMR Shareholding

RNS Number : 3446V

PZ CUSSONS PLC

06 August 2015

 



6 August 2015 

PZ Cussons Plc (the 'Company') 

Performance Share Plan - release of shares 

The Company announces that on 5 August 2015 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 2012 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 partially achieved, have been released in accordance with the rules of the PSP.

UK residents pay tax and National Insurance at the time the shares are transferred. On 5 August 2015 the Executive Directors and PDMRs sold the number of shares listed below back to the Trust for a price of £3.446 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	53,193	25,001	28,192	709,891	0.16%
Mr C G Davis	33,800	15,886	17,914	341,591	0.08%
Mr B H Leigh	33,246	15,626	17,620	145,917	0.03%

Other PDMRs	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 T Perman	18,278	8,591	9,687	9,687	0.002%
Mr S Plant	7,683	3,611	4,072	28,817	0.006%
Mr G Kostianis	10,656	5,008	5,648	55,648	0.01%

On the same day, Mr Kostianis sold 5,648 ordinary shares to the Trust for a consideration of £3.446 per share with the result that he now holds 50,000 ordinary shares (0.01% of the 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 9,336,534 shares (2.18%).

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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