Hill & Smith Hldgs PLC Director/PDMR Shareholding (7062H)
March 17 2015 - 1:12PM
UK Regulatory
TIDMHILS
RNS Number : 7062H
Hill & Smith Hldgs PLC
17 March 2015
17 March 2015
Hill & Smith Holdings PLC
Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure
and Transparency Rules
Hill & Smith 2007 Long-Term Incentive Plan
LTIP Vesting - 2012 Award
In clarification of the Director/PDMR Shareholding announcement
published at 10:58am on 16 March 2015
(RNS Number: 5241H), the number of shares detailed as vested and
repeated below were vested net of tax and national insurance
liability payable by the individual and not subsequent to a
separate disposal of shares at 594p each.
Shares Vested under
2012 award
D W Muir 67,956
M Pegler 43,332
M A Tonks 31,980
Hill & Smith 2014 Long-Term Incentive Plan
LTIP Award - 13 March 2015
On 13 March 2015 the Board of Hill & Smith Holdings PLC
("Hill & Smith" or the "Company") approved the grant of awards
in the form of nil-cost options over ordinary shares in the Company
in accordance with the provisions of the Hill & Smith Holdings
2014 Long Term Incentive Plan (the "LTIP").
Mr D W Muir has been granted a nil-cost option over 72,805
ordinary shares, Mr M Pegler has been granted a nil-cost option
over 46,583 ordinary shares and Mr M A Tonks has been granted a
nil-cost option over 33,902 ordinary shares.
Mr Muir, Mr Pegler and Mr Tonks are persons discharging
managerial responsibilities of the Company.
The awards were based on a share price of 638.0p, being the
average of the mid-market prices for the three trading days prior
to the grant date of 13 March 2015.
Under the rules of the LTIP and the Company's Remuneration
Policy, the vesting of the Awards is subject to the achievement of
set performance conditions which are based upon the growth in the
Company's underlying earnings per share and its total shareholder
return, over the three year period commencing on 1 January 2015
(the "Vesting Period"). The awards will (subject to the achievement
of the performance conditions) vest following the end of the
Vesting Period.
Following the grant of these Awards, Mr Muir, Mr Pegler and Mr
Tonks have the following interests in the Company's shares:
Individual Number of shares Total number of Total number of shares
in which there is shares awarded or awarded or subject to
a beneficial interest subject to options options under the ESOS
under the LTIP and SAYE Schemes
-------------- ----------------------- -------------------- -----------------------
Mr D W Muir 211,698 251,252 14,786
-------------- ----------------------- -------------------- -----------------------
Mr M Pegler 94,730 160,692 11,693
-------------- ----------------------- -------------------- -----------------------
Mr M A Tonks 52,454 71,502 12,852
-------------- ----------------------- -------------------- -----------------------
Enquiries:
Alex Henderson
Company Secretary
Tel: +44 (0) 121 704 7430
This information is provided by RNS
The company news service from the London Stock Exchange
END
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