Director/PDMR Shareholding

RNS Number : 1134Q

Fisher (James) & Sons PLC

03 April 2009

 

3 April 2009

James Fisher and Sons Public Limited Company ('the Company')

Directors interest in shares

The Company has granted options to the executive directors of the Company under the Long Term Incentive Plan (2001) which was approved by shareholders in April 2001 and the Executive Share Option Scheme (2005) which was approved by shareholders on 29 April 2005 and the Inland Revenue on 17 June 2005.

Long Term Incentive Plan

The options granted under the Long Term Incentive Plan have been granted at an exercise price of nil cost. The award is granted subject to the performance conditions stipulated in the scheme rules and the option is exercisable on 31 March 2012 assuming that the performance conditions are met.

No consideration was paid for the grant of options.

Executive Share Option Scheme

The options granted under the Executive Share Option Scheme have been granted at a price of 354p per share, being the average middle market price of a share over the three dealing days immediately preceding the date of grant. The award is granted subject to the performance conditions stipulated in the scheme rules and the option is exercisable from 20 March 2012 to 20 March 2019 assuming that the performance conditions are met.

Details of the award under each of these schemes are as follows:

	Number of Ordinary Shares under Option pursuant to the LTIP prior to the award	Options Granted over Ordinary Shares pursuant to the LTIP	Total number of Ordinary Shares under Option pursuant to the LTIP
T.C.Harris	46,606	71,747	118,353
N.P.Henry	45,422	45,775	91,197
M.J.Shields	22,148	33,908	56,056
S.A.Harris	18,703	27,465	46,168

	Number of Ordinary Shares under Option pursuant to the Executive Share Option Scheme prior to the award	Options Granted over Ordinary Shares pursuant to the Executive Share Option Scheme	Total number of Ordinary Shares under Option pursuant to the Executive Share Option Scheme
T.C.Harris	340,130	103,107	443,237
N.P.Henry	131,474	65,784	197,258
M.J.Shields	101,555	48,729	150,284
S.A.Harris	73,301	39,470	112,771

The Company was notified on 1 April 2009 that Mr M.J.Shields an executive director of the Company has sold 5,100 Ordinary Shares in the Company at a price of £3.90.  Following this transaction Mr Shields has a beneficial interest in the company's issued share capital of 195,166 Ordinary Shares representing 0.39 per cent of the Company's issued ordinary share capital.

 

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