Director/PDMR Shareholding

RNS Number : 8241D
Morgan Sindall Group PLC
22 May 2012
 

MORGAN SINDALL GROUP plc

(the "Company")

 

Notification of Transactions by Directors

 

The Morgan Sindall Executive Remuneration Plan 2005

 

Grant of conditional share awards

On 21 May 2012, directors of the Company were awarded conditional share awards over ordinary shares of 5p each in the capital of the Company ("shares") under the Morgan Sindall Executive Remuneration Plan 2005 ("the Plan"). 

 

Details of the directors and the number of shares under conditional share awards granted to them under the Plan are set out below:

 

Director

Number of conditional shares awarded

John Morgan

68,224

Paul Smith

80,218

David Mulligan

49,065

Paul Whitmore

48,442

 

Conditional share awards do not have an exercise price and will normally vest on 21 May 2015 being the third anniversary of the date of grant, subject to continued employment with the Company and the satisfaction of the performance condition. 50% of the awards will be based on an adjusted earnings per share performance condition and 50% will be based on a performance condition measuring the Company's total shareholder return compared with eight of its UK listed peers over a three year period.  No consideration was paid for the grant of the awards.

 

Following the grant of the conditional share awards under the Plan these directors maintain the following beneficial interests in the issued share capital of the Company:

 

Director

Beneficial interest in the shares of the Company

% of the issued share capital of the Company

Total number of shares over which options are held

Total number of  conditional share awards held

John Morgan

4,497,508

10.41

620,294

68,224

Paul Smith

217,915

0.50

252,976

172,792

David Mulligan

24,544

0.06

145,358

103,700

Paul Whitmore

62,840

0.15

1,814

119,175

 

This notification relates to transactions notified in accordance with both Disclosure Rule 3.1.4R (1) (a) and Disclosure Rule 3.1.4R (1) (c).   

 

 

Contact:

 

Clare Sheridan                           Tel: 020 7307 9200

Deputy Company Secretary

22 May 2012

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLIFIDETIFFIF
UK 100

Latest directors dealings