TIDMHILS

RNS Number : 5241H

Hill & Smith Hldgs PLC

16 March 2015

HILL & SMITH HOLDINGS PLC

Hill & Smith 2007 Long-term Incentive Plan

Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules

Hill & Smith Holdings PLC announces that the Remuneration Committee has approved the vesting of 92.7% of the awards that had been made on 21 March 2012 to the below Directors and persons discharging managerial responsibilities in accordance with the rules of the Hill & Smith Holdings PLC 2007 Long-term Incentive Plan.

 
              Share awards granted on 21 March 2012  Dividend Reinvestment   Shares Vested under 2012 award 
Derek Muir                                  125,091                 13,226                          128,820 
Mark Pegler                                  73,941                  8,434                           81,759 
Mark Tonks                                   58,886                  6,224                           60,339

The participants are not required to make any payment for the vesting shares which vest on achievement of specified performance targets of growth in underlying earnings per share and relative total shareholder return.

As a result of the above vesting and the sale of some of the vested shares to meet the tax and national insurance liability payable by the individual, the current shareholdings of each individual is as follows:

 
              Number of shares sold    Disposal price (per        Outstanding LTIP  Resultant Beneficial     Resultant 
                                                    share)                  Awards              interest   holding (%) 
Derek Muir                   60,264                   594p                 178,447               211,698          0.27 
Mark Pegler                  38,427                   594p                 114,109                94,730          0.12 
Mark Tonks                   28,359                   594p                  37,600                52,454          0.07

Enquiries

Alex Henderson

Company Secretary

Hill & Smith Holdings PLC

Tel: 0121 704 7430

This information is provided by RNS

The company news service from the London Stock Exchange

END

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