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

 

END

 

 

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