Trinity Mirror PLC
11 April 2005
Trinity Mirror plc (the 'Company')
1. The independent trustee (the 'Trustee') of the Trinity
Mirror Employees' Benefit Trust (the 'Trust') notified the Company on 11th April
2005, that it had on 8th April 2005 purchased and now holds as bare trustee in
accordance with the rules of the Trinity Mirror Long Term Incentive Plan (the
'LTIP') the following ordinary shares in the capital of Trinity Mirror plc for
the following directors at a price of 702.69p* per share.
Director Number of Shares
Vijay Vaghela 7,066
Paul Vickers 4,664
The revised shareholding for each director following these transactions is as
follows:
Director Beneficial Holding
Vijay Vaghela 22,105
Paul Vickers 38,550
2. The Trustee also notified the Company on 11th April 2005
that it had on 8th April 2005 purchased a total of 861,004 ordinary shares in
the capital of Trinity Mirror plc at a price of 702.69p* per share to be
distributed to eligible employees in accordance with the LTIP.
3. The Trustee also notified the Company on 11th April 2005
that it had on 11th April 2005 granted Matching Share Awards (in connection with
the acquisition of ordinary shares on behalf of the directors referred to above)
and Performance Share Awards, both in the form of nil-cost options to the
directors of Trinity Mirror plc listed below under the LTIP to acquire ordinary
shares in the capital of Trinity Mirror plc. The awards under the LTIP are
normally exercisable from the third anniversary of their date of grant for a
period of six months subject to the satisfaction of conditions relating to the
performance of the Company over the three financial years to which an award
relates and, in certain cases, the retention of Shares purchased and held on
their behalf by the Trustee. The total exercise price payable on any exercise
of a LTIP award is £1.
Director Number of Shares - Matching Share Award
Vijay Vaghela 23,953
Paul Vickers 15,810
Director Number of Shares - Performance Share Award
Sly Bailey 87,622
Vijay Vaghela 42,963
Paul Vickers 39,006
Following these transactions, the trustees of the Trinity Mirror Group
employees' benefit trusts hold a total of 2,030,945 ordinary shares in Trinity
Mirror plc. Sly Bailey, Vijay Vaghela and Paul Vickers, as directors and
employees of Trinity Mirror plc are amongst the potential beneficiaries under
these trusts and are therefore regarded for Companies Act purposes as being
interested in the Trinity Mirror plc ordinary shares held in them.
*Excluding transaction costs
This information is provided by RNS
The company news service from the London Stock Exchange
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