Hill & Smith Hldgs PLC Director/PDMR Shareholding (8429Z)
March 17 2017 - 9:43AM
UK Regulatory
TIDMHILS
RNS Number : 8429Z
Hill & Smith Hldgs PLC
17 March 2017
Hill & Smith Holdings PLC ('Hill & Smith' or the
'Company')
Director and PDMR Shareholdings
17 March 2017
Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure
and Transparency Rules
Hill & Smith 2014 Long-term Incentive Plan Awards
Vesting
Hill & Smith announces that the Remuneration Committee (the
'Committee') has approved the vesting of 100% of the awards that
were made on 20 May 2014 to the below Directors and persons
discharging managerial responsibilities in accordance with the
rules of the Hill & Smith Holdings PLC 2014 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 Mr
D W Muir and Mr M Pegler 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 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. The individual
forfeited an equivalent number of shares in order for the company
to meet this liability.
Total Award Shares
vested
------------- -------------------
Mr D W Muir 46,312
------------- -------------------
Mr M Pegler 29,625
------------- -------------------
In exercising this award the participants have released their
right to any tax-advantaged shares granted under the Company's
Executive Share Option Scheme. 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.
The Company also announces that it has today been notified that
Mr Mark Pegler, a person discharging managerial responsibilities of
Hill & Smith has sold 40,000 ordinary shares in the Company at
1,276.0 pence per share:
These transactions were effected on the London Stock
Exchange.
Following these events Mr Muir and Mr Pegler have the following
interests in the Company's shares:
Individual Number of shares Total number Total number of
in which there of shares shares awarded
is a beneficial awarded or or subject to
interest subject to options under
options under the ESOS and SAYE
the LTIP Schemes
------------- ----------------- --------------- ------------------
Mr D W
Muir 292,893 128,176 6,563
------------- ----------------- --------------- ------------------
Mr M Pegler 50,032 81,993 6,322
------------- ----------------- --------------- ------------------
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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