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Care UK PLC (CUK)

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Friday 23 April, 2010

Care UK PLC

Director/PDMR Shareholding

RNS Number : 6919K
Care UK PLC
23 April 2010
 



CARE UK PLC

 

Director/PDMR Shareholding

 

 

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

 

On 10th March 2010 the proposed acquisition of Care UK Plc (the "Company") by Warwick Bidco Limited was announced, to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006.  On 22nd April 2010 the Court sanction of the Scheme of Arrangement was obtained and, as a result, exercise of the following awards over ordinary shares in the Company became effective under the Care UK Long-Term Incentive Plan, the Care UK Executive Share Option Scheme and the Care UK 2006 Sharesave Plan (the "SAYE scheme") and awards vested under the Care UK Deferred Share Bonus Plan in respect of Directors of the Company and other Persons Discharging Managerial Responsibility ("PDMRs"). 

 

As a result of the above vesting of awards and exercise of options, a total of 415,179 additional ordinary 10p shares have been allotted and issued to the trustee of the Care UK Employee Benefit Trust in which the Directors and PDMRs listed are interested.

 

 

Name of Director

Number of shares exercised under the Care UK Long-Term Incentive Plan

Number of shares vesting under the Care UK Deferred Share Bonus Plan

Number of shares exercised under the Care UK Executive Share Option Scheme

Mike Parish

155,938

35,138

-

Paul Humphreys

78,174

21,258

-





Name of other PDMR

 




Geoff Benn

37,196

9,702

27,548

Andrew Russell

31,659

11,652

28,800

Richard Jackson

42,903

1,887

-

Mark Hunt

42,933

24,187

-

Grant Rex

19,454

10,558

-

 

 

No consideration was paid for either exercise of options under the Care UK Long-Term Incentive Plan or vesting of awards under the Care UK Deferred Share Bonus Plan.  An exercise price of £3.67 per share was paid for the exercise of options under the Care UK Executive Share Option Scheme.

 

 

 

Name of Director

Number of shares exercised under the SAYE Scheme

Option price per share

£

Mike Parish

933

2.41

Paul Humphreys

933

2.41




Name of other PDMR

 



Geoff Benn

746

301

2.41

3.54

Andrew Russell

933

2.41

Richard Jackson

933

2.41

Mark Hunt

933

2.41

Grant Rex

933

2.41

 

The SAYE Scheme options were exercised at the exercise price shown above.

 

All the above shares will be held by the trustee of the Care UK Plc Employee Benefit Trust (the "Trustee") for the benefit of participants.  The Trustee will remit the proceeds it will receive in accordance with the Scheme of Arrangement to the Company for payment to the participants.

 

Name of contact and telephone number for queries: .

 

For and on behalf of Care UK Plc

 

Jonathan Calow (0118-952-1809)

 

Date: 23rd April 2010


This information is provided by RNS
The company news service from the London Stock Exchange
 
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