Director/PDMR Shareholding

RNS Number : 4917Z

Evolution Group PLC

22 September 2009

 



The Evolution Group Plc

Notification of Transactions of Directors                           

22 September 2009

THE EVOLUTION GROUP PLC

(the "Company")

Notification of Transactions of Directors and Directors' Shareholdings

The Evolution Group PLC (the "Company") announces that following the award of 100,000 ordinary shares in the capital of the Company (the "Shares") made under the Evolution Group Plc 2002 Executive Share Incentive Plan ("the Plan") in September 2006 to Mr Andrew Umbers, all conditions have been met in full and call rights were granted on 19 September 2009 in accordance with the rules of the Plan at an exercise price of 1p per share ( "Call Rights") by the trustee of the Evolution Group Plc Employees' Share Trust (the "Trustee").  

The Shares were awarded to Mr Umbers as part of his joining arrangement and were awarded on the condition that Mr Umbers purchased 100,000 shares for his own account and retained such shares at least until the vesting date of the shares. Mr Umbers retains the 100,000 shares purchased for his own account. 

The Company has been notified that Mr Umbers exercised the Call Rights over 100,000 shares on 21 September 2009 and has immediately sold 41,412 shares to the Trustee at a sale price of 143.50 pence per share solely to cover the exercise and taxation costs arising on exercise of the Call Rights.

Mr Umbers has increased his shareholding to 459,667 ordinary shares in the capital of the Company by virtue of retaining 58,588 of the Shares. As a result of the above transactions Mr Umbers now holds 0.203% (previously 0.177%) of the Company's issued share capital.

This notification relates to transactions notified in accordance with DTR 3.1.4R (1) (a). 

For more information please contact:

The Evolution Group Plc

Tony Lee, Company Secretary                                                                 Tel: [phone]  

 

END

 

 

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