Director/PDMR Shareholding

RNS Number : 5309X

Carclo plc

07 December 2010

 



Carclo plc ("the Company")

Director/PDMR Shareholding

Carclo plc announces that 50% of the shares conditionally awarded on 5 December 2007 to executive directors under the Performance Share Plan 2007 vested on 6 December 2010. The Company has exercised its right to satisfy vesting by paying an equivalent amount in cash based on the average share price for the 5 business days prior to the date of vesting.

Accordingly, Mr Ian Williamson, Chief Executive has received a payment of £137,063 and Mr Robert Brooksbank, Group Finance Director has received a payment of £77,563.

Mr Williamson has used the net proceeds, after the attendant tax liability, to acquire 30,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a purchase price of 218p per share. As a result of this transaction Mr Williamson has increased his holding in the Company to 687,823 Ordinary Shares representing 1.12% of the Company's issued share capital.

Following this transaction, the Company's issued share capital remains unchanged at 61,504,702 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.

Enquiries:

Carclo plc                         01924 268040

Eric Cook

Company Secretary

 

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