Director/PDMR Shareholding

RNS Number : 2952Q

PZ CUSSONS PLC

29 August 2014

 

29 August 2014

PZ Cussons Plc (the "Company")  

Announcement to the London Stock Exchange  

This notification is made in accordance with DR 3.1.4R(1)(a).  

On 28 August 2014 Mr G A Kanellis exercised options granted to him under the Company's Executive Share Option Scheme over 197,309 ordinary shares of 1p in the Company at £1.6725 per share.

On the same day Mr Kanellis sold 139,562 ordinary shares to the Paterson Zochonis Employee Trust ("the Trust") for a consideration of £3.735 per share to discharge his tax obligations and to settle his exercise costs. He retains the balance of 57,747 shares.

The Trust is a discretionary trust under which the class of beneficiaries who may benefit comprises all bona fide employees and former employees of the Company and its subsidiaries including members of such employees' and former employees' immediate families.  Accordingly, the Executive Directors and PDMRs of the Company are included in the class of beneficiaries and are deemed to have an interest in all of such shares. The Trust's holding in the ordinary shares of 1p in the Company after this transaction is 7,449,472 shares (1.74%).

After the exercise of options and sale, Mr Kanellis (and his connected persons) holds 681,699 (comprising 0.16% of the total shares in issue). The Company was informed by Mr Kanellis of this dealing in shares on 28 August 2014.  

No new shares have been issued in respect of the dealing above.  

Name of contact and telephone number for queries:  

Sam Plant  

Company Secretary, PZ Cussons Plc  

(T) (00) 44 (0)161 435 1000  

 

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