Director/PDMR Shareholding
Date: 21 February 2011
Directors' Shareholdings
JAMES CROPPER PLC ('THE COMPANY')
Long-Term Incentive Plan Award
The Company announces that on 18 February 2011, under the terms of The James Cropper PLC 2008 Long Term Incentive Plan ("The Plan"), the following executive directors were awarded ordinary shares of 25 pence each in the Company at a value of £1.78 per share.
A.I.Lewis 15,000 shares
J.M.Denman 12,000 shares
N.A.Read 12,000 shares
P.J.Willink 12,000 shares
G.T.Quayle 12,000 shares
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Total 63,000 shares
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The share award is the maximum award available under the Plan as the Company's adjusted earnings per share for the financial period ending 31 March 2010 exceeded its adjusted earnings per share for the financial period 31 March 2007 by the increase in the retail price index over the three year period commencing with the date of the grant of the awards plus 2.5% per year.
On the same day each of the executive directors disposed of 50% of the above shares awarded in order to settle the income tax/nic liabilities on the award. The shares disposed of were acquired by James Cropper EBT Ltd, trustees of the James Cropper Employee Trust at a value of £1.78 per share. The purchase was to satisfy future releases under the James Cropper Plc 2008 Long Term Incentive Plan.
James Cropper EBT Ltd is now interested in 196,000 ordinary shares of 25 pence each which represents 2.31% of the issued share capital of the Company.
As a result of these movements the beneficial and non-beneficial interests of the Executive Directors of the Company and the other Directors of the Company who are also directors of James Cropper EBT Ltd are as follows:
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Number of Ordinary Shares |
Percentage of issued share capital |
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A.I.Lewis |
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Beneficial |
45,261 |
0.53% |
|
Non-beneficial |
Nil |
Nil |
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J.M.Denman |
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|
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Beneficial |
7,716 |
0.09% |
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Non-beneficial |
431,000 |
5.09% |
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|
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N.A.Read |
|
|
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Beneficial |
9,289 |
0.11% |
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Non-beneficial |
431,000 |
5.09% |
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|
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P.J.Willink |
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Beneficial |
25,781 |
0.30% |
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Non-beneficial |
1,132,408 |
13.37% |
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|
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G.T.Quayle |
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|
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Beneficial |
10,327 |
0.12% |
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Non-beneficial |
28,084 |
0.33% |
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|
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M.A.J. Cropper |
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|
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Beneficial |
1,206,540 |
14.24% |
|
Non-beneficial |
196,000 |
2.31% |
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|
|
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J.A Cropper |
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|
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Beneficial |
583,337 |
6.89% |
|
Non-beneficial |
554,752 |
6.55% |
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|
|
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J.E. Sharp |
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|
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Beneficial |
7,950 |
0.09% |
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Non-beneficial |
196,000 |
2.31% |
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|
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D.R. Wilks |
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|
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Beneficial |
7,445 |
0.09% |
|
Non-beneficial |
196,000 |
2.31% |
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Enquiries: |
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David Carey, Company Secretary |
Neil Baldwin, Director |
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James Cropper PLC |
Brewin Dolphin |
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Tel: 01539 722002 |
Tel: 0845 213 4730 |
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This information is provided by RNS