18 November 2014
St Ives plc (the "Company")
Directors' shareholdings
This notification is made in accordance with DTR 3.1.4(1).
On 10 November 2011, awards were granted under the St Ives Long Term Incentive Plan 2010 (the "LTIP") to certain directors and persons discharging managerial responsibilities.
The awards were granted in the form of nil-cost options.
The awards became exercisable on 13 November 2014 and remain exercisable up until 10 November 2021, subject to the participant's continued employment within the group. On 14 November 2014 the following individuals exercised their awards over the number of ordinary shares of 10 pence each in the Company set out in the table below. The individuals then sold all, or a proportion of, the shares acquired as shown in the table below. The disposals were made on the London Stock Exchange.
Director's Name |
Total number of shares acquired on exercise |
Number of shares disposed of |
Sale price per share on disposal |
Matthew Robert Armitage |
262,771 |
262,771 |
189.50 pence |
Paul Bradley Gray |
61,359 |
28,912 |
189.50 pence |
Patrick Neil Martell |
463,690 |
463,690 |
189.50 pence |
The Company was informed by the individuals listed above of the above transactions on 17 November 2014
The individuals' beneficial interests in 10 pence ordinary shares in the Company before and after the disposals are as follows:
Director's Name |
Total number of shares held beneficially prior to disposals |
Total number of shares held beneficially after disposals |
Total number of unvested Deferred Bonus Share Awards (Unchanged) |
Matthew Robert Armitage |
205,879 |
205,879 |
168,830 |
Paul Bradley Gray |
12,212 |
44,659 |
Nil |
Patrick Neil Martell |
243,230 |
243,230 |
191,555 |
In addition to these share interests, following the above transactions the individuals hold awards granted under the LTIP as follows:
Director's Name |
Total number of options held |
Matthew Robert Armitage |
570,518 |
Paul Bradley Gray |
102,696 |
Patrick Neil Martell |
530,300 |
For further information please contact:
Philip Harris, Company Secretary 020 7928 8844