Director/PDMR Shareholding

RNS Number : 8396S
Compass Group PLC
25 November 2011
 



 

 

                                                                                                                       

 

 

COMPASS GROUP PLC: DIRECTOR/PDMR SHAREHOLDINGS

 

Compass Group PLC (the "Company") announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

 

1.  Long-Term Incentive Plan:  2011/12 Award

 

On 25 November 2011, an award was made under the Compass Group PLC Long Term Incentive Plan 2010 ("Plan") to the Directors and PDMRs detailed below. 

 

 

Name

 

Director or PDMR

Number of Shares Under Conditional Award

Richard Cousins

Director

343,720

Gary Green

Director

194,516

Andrew Martin

Director

156,186

Andrew Furlong

PDMR

116,092

Aymar Henin

PDMR

46,610

Jane Kingston

PDMR

86,066

Takeshi Kohjima

PDMR

67,878

Philippe Op de Beeck

PDMR

52,196

Gerhard Poelzl

PDMR

90,874

Miguel Ramis

PDMR

155,366

Ian Sarson

PDMR

64,160

Juergen Thamm

PDMR

47,118

Mark White

PDMR

96,310

 

The number of Shares shown is the maximum available if the corporate performance conditions for the period, which commenced on 1 October 2011 and ends on 30 September 2014, are satisfied in full.  There will be no retesting of the award.

 

Under the Plan, participants may become entitled to Shares if the Company satisfies stringent corporate performance targets based upon Total Shareholder Return relative to companies in the FTSE 100 index (excluding its financial services constituents), and Free Cash Flow, each relating to 50% of an award.  

 

2.  Long-Term Incentive Plan: 2008 Release

 

On 24 November 2011, the following Directors and PDMRs requested the release of vested awards made on 28 November 2008 under the Compass Group Long-Term Incentive Plan (which were granted for nil consideration) following satisfaction of both the Free Cash Flow and Total Shareholder Return performance conditions in the three years ended 30 September 2011, and the following Shares were issued:

 

 

Name

Director or PDMR

Number of Shares

Richard Cousins

Director

381,540

Gary Green

Director

256,856

Andrew Martin

Director

228,924

Andrew Furlong

PDMR

130,812

Jane Kingston

PDMR

128,632

Miguel Ramis

PDMR

186,348

Mark White

PDMR

143,894

 

The Shares noted below were sold on 25 November 2011 at 552.147 pence per Share in order to realise sufficient funds to settle resultant UK and/or overseas tax and social security liabilities arising from such issue:    

 

Name

Number of Shares sold

Richard Cousins

195,964

Andrew Martin

117,579

Andrew Furlong

60,902

Jane Kingston

66,068

Mark White

73,906

 

A further 34,955 Shares were disposed of by Mr Furlong, 31,282 Shares by Ms Kingston and 34,994 Shares by Mr White respectively, all at the same time and at the same price.

 

3.  Exercise of Share Options

 

On 24 November 2011, Miguel Ramis exercised 250,000 options at an option price of 422.00 pence, 100,000 options at 320.00 pence, 125,000 options at 316.25 pence and 100,000 options at 229.25 pence respectively.   He disposed of all of the resulting Shares at 552.0304 pence per Share on the same day.

 

4.  Disposal of Shares

 

On 24 November 2011, Gary Green sold 323,522 Shares at a price of 552.0304 pence per Share. 

 

5. Resultant Shareholdings

 

Following the transactions detailed above, total interests in Shares are as shown below:

 

Name

Number of Shares

Percentage of Issued Share Capital

Richard Cousins*

1,359,403

0.0716%

Gary Green

1,065,606

0.0561%

Andrew Martin

888,845

0.0468%

Andrew Furlong

115,795

0.0061%

Jane Kingston

216,348

0.0114%

Miguel Ramis

807,448

0.0425%

Mark White**

242,787

0.0128%

 

*    The net amount of 185,576 Shares above are registered in the name of Mrs C Cousins.

**   The net amount of 34,994 Shares above are registered in the name of Mrs M B White.  

 

ENDS

 

Enquiries:

 

Investors/Analysts:       Mark J White, General Counsel & Company Secretary

                                         Sarah John, Corporate Strategy Director

Media:                             Clare Hunt, Group Media Relations Assistant Director

 

Note to Editors

Compass Group PLC is a world-leading food and support services company, which generated annual revenues of £15.8 billion in the year to 30 September 2011.  It operates in around 50 countries, employs over 470,000 people and serves over 4 billion meals every year.  The company specialises in providing food and a range of support services across the core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio. 

 


This information is provided by RNS
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