Director/PDMR Shareholding

RNS Number : 6871T
Big Yellow Group PLC
21 July 2015
 

Big Yellow Group PLC

 

Big Yellow Group PLC - Director/PDMR Shareholding

21 July 2015

 

Big Yellow Group PLC ("the Company") announces that on 21 July 2015 the following Executive Directors were granted nil paid options under the Company's Long Term Incentive Plan:

 

Director

Number of ordinary shares of 10p over which options granted

Total number of ordinary shares over which options are held under the LTIP following this notification

Nicholas Vetch

38,112

233,063

James Gibson

41,801

255,613

Adrian Lee

30,980

179,838

John Trotman

30,980

177,775

 

The options are exercisable from 21 July 2018 to 20 July 2025, subject to performance criteria being met.

 

2015 LTBPP awards

 

The Company also announces that on 21 July 2015 the following Executive Directors were granted awards under the Company's 2015 Long Term Bonus Performance Plan ("LTBPP") approved by shareholders at the 2015 AGM.

 

Under the LTBPP, the Directors will share in an aggregate award of 450% of base salary across all four Directors ("LTBPP Award Pool"), over a three year performance period, subject to meeting performance targets.

 

 Director

% share of LTBPP Award Pool

Maximum award value after three years

Nicholas Vetch

22.5%

£996,900

James Gibson

32.5%

£1,440,000

Adrian Lee

22.5%

£996,900

John Trotman

22.5%

£996,900

 

The proportion of the LTBPP Award that vests will be converted into nil cost options with the number of shares calculated based on the share price at the date of vesting.  50% of any award that vests (after permitted sales to meet any tax liabilities) will be subject to a further two year holding period (half of the shares must be held for a further year and the other half for a further two years). 

 

Enquiries:

John Trotman, Chief Financial Officer  

01276 477811

Shauna Beavis, Company Secretary

01276 477811

 


This information is provided by RNS
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