DPLM Diploma Plc

TIDMDPLM

RNS Number : 9770X

Diploma PLC

25 November 2014

DIPLOMA PLC

12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: +44 (0)20 7549 5700

FACSIMILE: +44 (0)20 7549 5715

FOR IMMEDIATE RELEASE

25 November 2014

DIPLOMA PLC

EXERCISE OF OPTIONS OVER VESTED LTIP AWARDS

Diploma PLC has today been notified that the following Directors have exercised in full, the options which have now vested, in connection with share awards granted on 16 December 2011 under the Diploma PLC 2011 Performance Share Plan ("PSP") and on 19 December 2011 under the Diploma PLC 2011 Share Matching Plan ("SMP"). As a consequence, the Directors have become entitled to acquire ordinary shares in the Company as set out below.

These vested share awards in the form of nil cost options, relate to the three year performance measurement period ended 30 September 2014. Further details relating to the performance conditions of these awards are set out in the Annual Report & Accounts 2014 which will be mailed to shareholders on 5 December 2014.

The number of shares transferred has been reduced as part of arrangements under which the Company will settle the PAYE liability, arising as a result of the exercise of the awards. The table below shows the total number of vested shares, the PAYE adjustment on the vested shares awarded and the net number of shares transferred to each Director.

 
                           Number of Ordinary Shares 
                Total Shares   PAYE Adjustment   Total Shares 
                      Vested                      Transferred     Market Price 
 BM Thompson         142,717          (67,077)         75,640             685p 
 I Henderson          88,967          (41,815)         47,152             685p 
 NP Lingwood          92,675          (43,557)         49,118             685p 
 

Following the above transactions, the Executive Directors disposed of shares on 24 November 2014:

 
                        Number of Ordinary Shares 
                                             Resultant 
                                            Beneficial       % of Issued 
                  Shares     Share Price       Holding     Share Capital 
                    Sold 
 BM Thompson     142,717            685p       993,385             0.88% 
 I Henderson      88,967            685p       517,912             0.46% 
 NP Lingwood      49,118            685p       275,000             0.24% 
 

Of the 280,802 shares sold by the Executive Directors, 100,000 were acquired by Elian Employee Benefit Trustee Limited ("Elian"), as Trustee of the Diploma Employee Benefit Trust at a market price of 685p. Following these transactions, the number of ordinary shares in the Company held by Elian, on behalf of the Trust, was 221,438, which represents 0.20% of the issued share capital.

For further enquiries please contact:

 
                             +44 (0)20 7549 
 Diploma PLC -                5700 
 Anthony Gallagher, Group 
  Company Secretary 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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