Hill & Smith Hldgs PLC Director/PDMR Shareholding (6327S)
March 18 2016 - 12:05PM
UK Regulatory
TIDMHILS
RNS Number : 6327S
Hill & Smith Hldgs PLC
18 March 2016
Hill & Smith Holdings PLC ('Hill & Smith' or 'the
Company')
Director and PDMR Shareholdings
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 - 2013 Award
Hill & Smith announces that the Remuneration Committee has
approved the vesting of 97.9% of the awards that had been made on
18 March 2013 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 (the
'LTIP').
For awards made under the LTIP the Committee, in making such
option awards, and using its discretion, specified that subject to
the rules of the LTIP the Company would procure the transfer to the
Awardholder such additional number of award shares as could have
been acquired by the reinvestment of dividends paid on the original
award shares. Such additional award shares to vest in the same
proportion as the original award shares. The maximum number of
shares to be awarded in this way is to be determined on the basis
that each such dividend was reinvested on the date of payment of
that dividend at a price per share equal to the market value of a
share on that day.
The number of shares vested is net of the tax and national
insurance liability payable by the individual and the individual
forfeited an equivalent number of shares in order for the company
to meet this liability.
Total Award Shares
vested
---------- -------------------
D W Muir 60,079
---------- -------------------
M Pegler 38,407
---------- -------------------
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.
Hill & Smith 2014 Long-Term Incentive Plan
LTIP Award - 17 March 2016
On 17 March 2016 the Remuneration Committee of 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 55,371
ordinary shares, Mr M Pegler has been granted a nil-cost option
over 35,410 ordinary shares and Mr M A Tonks has been granted a
nil-cost option over 25,782 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 864.17p, being the
average of the mid-market prices for the three trading days prior
to the grant date of 17 March 2016.
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 2016
(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 Total number of
in which there of shares awarded shares awarded
is a beneficial or subject or subject to options
interest to options under the ESOS
under the LTIP and SAYE Schemes
------------- ----------------- ------------------- ----------------------
Mr D W
Muir 275,877 206,925 11,934
------------- ----------------- ------------------- ----------------------
Mr M Pegler 108,407 133,649 11,693
------------- ----------------- ------------------- ----------------------
Mr M A
Tonks 57,309 97,284 7,997
------------- ----------------- ------------------- ----------------------
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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