Director/PDMR Shareholding

RNS Number : 5419U

Creston PLC

25 June 2009

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

 

25 June 2009

FOR IMIDIATE RELEASE

Creston plc
Issue of Shares to Directors in replacement of Annual Cash Incentive Plans


Creston plc ("Creston" or "the Company") announces that on the 24 June 2009 the Executive Directors were issued 202,505 ordinary shares of 10 pence each in the Company. This issue of shares replaces fifty per cent of their contractual cash incentive, payable for meeting the relevant performance targets for the financial year ended 31 March 2009. The Executive Directors elected to receive this proportion of their remuneration in shares rather then cash. The shares are being transferred to the following Directors from the Employee Benefit Trust:

Name	Number of ordinary shares awarded	Total Enlarged Holding in the Company	Total Enlarged Holding in the Company
Don Elgie	135,751	1,585,591	2.83%
Barrie Brien	66,754	160,191	0.28%

As a result of this issue, at the close of business on 25 June 2009 Creston's issued share capital consisted of 55,963,743 ordinary shares of 10 pence each, including 1,468,845 (2.62%) held in the Creston plc Employee Benefit Trust and 52,383 (0.09%) held in Treasury. The International Securities Identification Number for Creston's ordinary shares is GB0004440284.

 

 

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