Director/PDMR Shareholding

RNS Number : 9184G
Smiths Group PLC
29 October 2008
 



29 OCTOBER 2008

SMITHS GROUP PLC (issuer)


DTR 3.1.4R(1)

NOTIFICATION OF TRANSACTIONS OF DIRECTOR AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) PURSUANT TO DTR 3.1.4R(1)(a)


On 28 October 2008 the conditional share awards granted under the Smiths Group Performance Share Plan (PSP) on 7 October 2005 vested in accordance with the PSP rules.  The EPS element of each award (which element constituted two-thirds of the total award) vested in full and the TSR element of each award (being one-third of the total award) vested in part with 38% of the element being realised and 62% lapsing.  As a consequence of the vesting, the Director and PDMRs of the Company listed in the table below received the number of ordinary shares of 37.5p in Smiths Group plc (Shares) shown in Col C against their names, in satisfaction of their respective awards.  The number of Shares comprising the part of the award that lapsed is shown in Col G.  Also on 28 October 2008, these individuals sold in the market the number of Shares shown in Col E against their names, in order to finance the cost of income tax and NIC or social security charges that they have incurred as a result of their awards vesting. The sale price of these Shares was 720.1072 pence per share.


Col A

Col B

Col C

Col D

Col E

Col F

Col G

Name

Status

Shares acquired under 

PSP

% of 

Issued 

Share Capital acquired

Shares sold in market

% of Issued 

Share Capital

sold

No of shares comprising the 62% part of

the TSR 

element of the award that lapsed

Mr John Langston

Director

45,540

0.01%

18,719

<0.01%

11,864

Mr Paul Cox

PDMR

11,706

<0.01%

4,803

<0.01%

3,050

Mr Christopher Fox

PDMR

16,668

<0.01%

6,851

<0.01%

4,343

Mr Stephen Phipson

PDMR

35,877

<0.01%

14,747

<0.01%

9,347

Mr Tedd Smith

PDMR

13,007

<0.01%

5,853

<0.01%

3,839

Mr Arnold Wagner

PDMR

22,957

<0.01%

9,436

<0.01%

5,981


Name of contact and telephone number for queries: NEIL BURDETT - 020 8457 8229

Name of duly authorised officer of issuer responsible for making notification: NEIL BURDETT

Date of notification:  29 OCTOBER 2008


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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