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VT GROUP PLC (VTG)

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Tuesday 06 July, 2010

VT GROUP PLC

Director/PDMR Shareholding

RNS Number : 9248O
VT GROUP PLC
06 July 2010
 



 

VT Group plc (the "Company")

 

Directors and Persons Discharging Managerial Responsibility (PDMRs) Shareholdings.

 

This information is provided pursuant to DTR3.1.4R(1)(a)

 

The Company was notified on 5 July 2010 that the following Directors and PDMRs entered into transactions in the Company's Ordinary Shares of 5p each ("Shares"):

 

1. Mr. Paul Lester (Director)

 

On 5 July 2010 Paul Lester, Chief Executive, became entitled to 39,567 Shares pursuant to the rules of the VT Group plc Deferred Annual Bonus Plan having a value as at the entitlement date of £7.95 per share.  19,387 of these Shares were transferred to Mr Lester on 5 July 2010.  The balance of 20,180 Shares has been withheld to meet income tax and N.I. liability.

 

Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Lester became entitled to 204,735 Shares having a value as at the entitlement date of £7.95 per share.  120,793 of these Shares were transferred to Mr Lester on 5 July 2010.  The balance of 83,942 Shares has been withheld to meet income tax and N.I. liability.

 

In addition, the following options were exercised under the terms of the Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft Approved Share Option Plan 1999:

 

(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive Share Option Plan 1996 at £2.46 over 214,227 Shares and 178,462 Shares at £4.55.

 

Shares sold: 262,081 Shares at a price of £7.92 pence per share.

 

(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option Plan 1999 at £2.46 over 12,195 Shares.

 

Shares sold: 3,788 Shares at a price of £7.92 pence per share.

 

As a result of these transactions Mr Lester is deemed to be interested in 561,059 Shares, representing 0.306% of the Company's issued share capital as of the date of this notification.

 

2. Mr. Christopher Cundy (Director)

 

On 5 July 2010 Christopher Cundy, Executive Director, became entitled to 38,198 shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a value as at the entitlement date of £7.95 per Share. 18,717 of these Shares were transferred to Mr Cundy on 5 July 2010.  The balance of 19,481 Shares has been withheld to meet income tax and NI liability.

 

Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Cundy became entitled to 104,714 Shares having a value as at the entitlement date of £7.95 per share.  61,781 of these Shares were transferred to Mr Cundy on 5 July 2010.  The balance of 42,933 Shares has been withheld to meet income tax and N.I. liability.

 

In addition, the following options were exercised under the terms of the Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft Approved Share Option Plan 1999:

 

(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive Share Option Plan 1996 at £3.24 over 19,383 Shares.

 

Shares sold: 12,708 Shares at a price of £7.92 pence per share.

 

(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option Plan 1999 at £3.24 over 9,259 Shares.

 

Shares sold: 3,788 Shares at a price of £7.92 pence per share.

 

As a result of these transactions Mr Cundy is deemed to be interested in 340,815 Shares, representing 0.186% of the Company's issued share capital as of the date of this notification.

 

3. Mr. John Davies (PDMR)

 

On 5 July 2010 John Davies, PDMR, became entitled to 17,362 shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a value as at the entitlement date of £7.95 per Share. 8,507 of these Shares were transferred to Mr Davies on 5 July 2010.  The balance of 8,855 Shares has been withheld to meet income tax and NI liability.

 

Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Davies became entitled to 82,468 Shares having a value as at the entitlement date of £7.95 per share.  48,656 of these Shares were transferred to Mr Davies on 5 July 2010.  The balance of 33,812 Shares has been withheld to meet income tax and N.I. liability.

 

In addition, the following options were exercised under the terms of the Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft Approved Share Option Plan 1999:

 

(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive Share Option Plan 1996 at £3.24 over 5,659 Shares and 9,690 Shares at £4.55.

 

Shares sold: 11,000 Shares at a price of £7.92 pence per share.

 

(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option Plan 1999 at £3.24 over 2 Shares.

 

As a result of these transactions Mr Davies is deemed to be interested in 85,421 Shares, representing less than 0.1% of the Company's issued share capital as of the date of this notification.

 

4. Mr Philip Harrison (Director)

 

On 5 July 2010 Philip Harrison, Executive Director, became entitled to 17,758 shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a value as at the entitlement date of £7.95 per Share. 8,701 of these Shares were transferred to Mr Harrison on 5 July 2010.  The balance of 9,057 Shares has been withheld to meet income tax and NI liability.

 

Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Harrison became entitled to 120,432 Shares having a value as at the entitlement date of £7.95 per share.  71,054 of these Shares were transferred to Mr Harrison on 5 July 2010.  The balance of 49,378 Shares has been withheld to meet income tax and N.I. liability.

 

As a result of these transactions Mr Harrison is deemed to be interested in 84,328 Shares, representing less than 0.1% of the Company's issued share capital as of the date of this notification.

 

5. Mr. Matthew Jowett (PDMR)

 

On 5 July 2010 Matthew Jowett, PDMR, became entitled to 13,872 shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a value as at the entitlement date of £7.95 per Share. 6,797 of these Shares were transferred to Mr Jowett on 5 July 2010.  The balance of 7,075 Shares has been withheld to meet income tax and NI liability.

 

Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Jowett became entitled to 71,237 Shares having a value as at the entitlement date of £7.95 per share.  42,029 of these Shares were transferred to Mr Jowett on 5 July 2010.  The balance of 29,208 Shares has been withheld to meet income tax and N.I. liability.

 

In addition, the following options were exercised under the terms of the Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft Approved Share Option Plan 1999:

 

(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive Share Option Plan 1996 at £3.24 over 11,832 Shares.

 

Shares sold: 7,752 Shares at a price of £7.92 pence per share.

 

(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option Plan 1999 at £3.24 over 3,087 Shares.

 

Shares sold: 1,263 Shares at a price of £7.92 pence per share.

 

As a result of these transactions Mr Jowett is deemed to be interested in 102,157 Shares, representing less than 0.1% of the Company's issued share capital as of the date of this notification.

 

6. Mr. Simon Withey (PDMR)

 

On 5 July 2010 Simon Withey, PDMR, became entitled to 15,935 shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a value as at the entitlement date of £7.95 per Share. 7,808 of these Shares were transferred to Mr Withey on 5 July 2010.  The balance of 8,127 Shares has been withheld to meet income tax and NI liability.

 

Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Withey became entitled to 74,845 Shares having a value as at the entitlement date of £7.95 per share.  44,158 of these Shares were transferred to Mr Withey on 5 July 2010.  The balance of 30,687 Shares has been withheld to meet income tax and N.I. liability.

 

In addition, the following options were exercised under the terms of the Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft Approved Share Option Plan 1999:

 

(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive Share Option Plan 1996 at £3.24 over 12,501 Shares.

 

Shares sold: 8,188 Shares at a price of £7.92 pence per share.

 

(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option Plan 1999 at £3.24 over 2,057 Shares.

 

Shares sold: 842 Shares at a price of £7.92 pence per share.

 

As a result of these transactions Mr Withey is deemed to be interested in 128,845 Shares, representing less than 0.1% of the Company's issued share capital as of the date of this notification.

 

 

7. Mr David Dacquino (PDMR)

 

On 5 July 2010 David Dacquino, PDMR, pursuant to the rules of the VT Group 2007 Performance Share Plan, became entitled to 57,276 Shares having a value as at the entitlement date of £7.95 per share.  All of these Shares were transferred to Mr Dacquino on 5 July 2010. 

 

As a result of these transactions Mr Dacquino is deemed to be interested in 57,276 Shares, representing less than 0.1% of the Company's issued share capital as of the date of this notification.

 

 

 

 

 

 

END

 

VT Group plc

VT House

Grange Drive, Hedge End

Southampton SO30 2DQ

 

For further information contact

Matthew Jowett, Company Secretary 01489 775 200


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