Cape plc Director / PDMR notification (1355X)
May 04 2016 - 2:01AM
UK Regulatory
TIDMCIU
RNS Number : 1355X
Cape plc
04 May 2016
4 May 2016
Cape plc ('Cape' or the 'Company')
Director / PDMR notification
Cape Performance Share Plan
Cape plc (the "Company") makes the following announcement
regarding director participation in the Company's Performance Share
Plan ("PSP").
Notification is given in respect of the options that were
granted on 31 March 2013 (the "2013 PSP Awards"). In accordance
with the rules of the PSP, and as noted in the Company's annual
report, the 2013 PSP Awards in respect of the Company's ordinary
shares of 25p each have vested at a level of 39% of maximum, based
on the level of the Company's achievement against the relevant
performance conditions.
Joe Oatley and Michael Speakman (the "Executive Directors")
exercised their respective vested options on 3 May 2016 and on the
same day sold sufficient shares at 229 pence per ordinary share to
settle the tax, NI liability and dealing charges. Further details
are as set out below. No payment by the Executive Directors was
required for the grant, vesting or exercise of the 2013 PSP
Awards.
After the transactions set out above, the beneficial holdings of
the Executive Directors, including their connected persons, in the
ordinary shares of the Company are set out in the table below:
Director Number Number Percentage Number Percentage Total Total percentage
of shares of shares of issued of shares of shares number of issued
vested sold shares sold retained retained of shares share capital
at 6 held(1)
April
2016
Joe Oatley 97,087 45,861 47.2% 51,226 52.8% 123,226 0.10%
Michael
Speakman 73,971 34,942 47.2% 39,029 52.8% 83,089 0.07%
(1) The total shareholding of the Directors includes that of
their connected persons. Mr Oatley's shares are held in the name of
his wife, Jane Oatley.
The transactions took place in the UK on 3 May 2016 with the
Directors and the Company being notified on 3 May 2016. This
announcement is made in accordance with Disclosure and Transparency
Rules 3.1.2R and 3.1.3R.
Further information concerning each Director's retained
conditional awards under the PSP are set out in the Company's 2015
annual report.
Cape plc
Richard Allan
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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