Director/PDMR Shareholding

RNS Number : 4842A
Hornby PLC
01 August 2008
 

                            




Hornby Plc

('the Company')


Notification of Dealings in the Company's shares by Persons Discharging Managerial Responsibility ('PDMRs') and connected persons



The Company announces the following dealings by PDMRs in the Company's ordinary shares of 1p each ('Shares').


On 31 July 2008 the Company granted the following conditional awards ('Awards') under the Hornby plc Performance Share Plan.



Name


Number of Shares under Award


Number of Shares already held 

Frank Martin

167,112

236,151

Andrew Morris

110,294

Nil

Nicholas Cole

35,094

20,000

John Stansfield

44,452

95,000

Michael Walters

35,094

Nil

Josep Pastor

36,876

1,850

Frits Passet

36,876

10,000


The Awards will vest on 31 July 2011, but only to the extent that certain performance conditions based on the Company's average annual earnings per share growth and relative total shareholder return over three financial years commencing with the current financial year are met.  


Each Award is granted on the basis that the awardholder will receive a benefit in Shares determined by reference to the value of the dividends that would have been paid on the Shares under the Award in respect of dividend record dates occurring between 31 July 2008 and the date of vesting.


No consideration is payable on the grant or vesting of the Awards.  


The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.




Andrew J Morris

Finance Director



This information is provided by RNS
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