RNS Number : 5817X
Lavendon Group PLC
26 June 2008
Lavendon Group PLC
26 June 2008
LAVENDON GROUP PLC ('The Company')
DIRECTORS / PDMR SHAREHOLDINGS
Under the terms of the Lavendon Group plc 2005 Share Matching Plan ('the Plan'), Kevin
Appleton and Alan Merrell, the Company's Chief
Executive and Finance Director respectively, have been awarded 63,098 and 39,606 ordinary
shares of 1p each in the Company ('Ordinary
Shares') respectively.
The Company has been notified that on 25 June 2008 Kevin Appleton and Alan Merrell had
respectively sold 40,996 and 25,733 Ordinary
Shares at a price of 230 pence per share in order to settle the taxation liability arising
from these awards.
Following the awards under the Plan and subsequent partial sale of shares, Kevin Appleton
and Alan Merrell hold beneficial interests in
the share capital of the Company of 120,076 and 77,340 Ordinary Shares respectively. In
addition to these beneficial interests, they hold
share options over 525,123 and 250,000 Ordinary Shares respectively, shares subject to the
Share Matching Awards of 4,562 and 4,338 Ordinary
Shares respectively and awards granted under the Lavendon Group plc 2006 Long Term Incentive
Plan of 221,393 and 172,073 Ordinary Shares
respectively.
In addition to the Company's Board directors, Mark Johnson, Group IT Director, was awarded
10,516 Ordinary Shares. Following the award
under the Plan, Mark Johnson holds a beneficial interest in the share capital of the Company
of 30,640 Ordinary Shares. In addition to this
beneficial interest, he holds share options over 40,000 Ordinary Shares and awards granted
under the Lavendon Group plc 2006 Long Term
Incentive Plan of 20,220 Ordinary Shares.
This information is provided by RNS
The company news service from the London Stock Exchange
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