Release of shares from Founda

RNS Number : 9669K

Galiform PLC

31 December 2008

 



GALIFORM PLC - DISCLOSURE OF TRANSACTIONS CONDUCTED BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY; OPERATION OF THE COMPANY'S SHARE INCENTIVE PLANS.

Release of shares from Foundation Plan 2006

The Company was notified today that the following Directors and Persons Discharging Managerial Responsibility (PDMR) have increased their shareholding in the Company due to a release of shares from the Foundation Plan 2006 (the 'Plan').  

Under the rules of the Plan, awards which vested on 31 December 2006 (subject to the achievement of performance conditions) were then held conditionally on behalf of the executives by the Company's Employee Benefit Trust for a two year period before being released on 31 December 2008.  

The release of shares increases the individual shareholdings of the following PDMRs: 

Executive Directors	Foundation Plan Shares Released	Shareholding following release
Matthew Ingle	531,000	1,709,339
Mark Robson	339,250	471,635
Persons discharging managerial responsibility
Robert Fenwick	360,000	378,200
David Hallett	270,000	270,000
Chris Youell	270,000	280,684

This announcement is made in accordance with the requirements of Disclosure and Transparency Rule 3.1.4.R

Enquiries should be directed to:

Caroline Bishop, Company Secretary:    020 7535 1140

 

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