Lamprell plc Director/PDMR Shareholding (4730X)
November 19 2014 - 10:00AM
UK Regulatory
TIDMLAM
RNS Number : 4730X
Lamprell plc
19 November 2014
Annex DTR3
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
In accordance with the requirements of DTR Rule 3.1.4R, the
Company wishes to notify the following changes in the interests in
ordinary shares of 5p each in the Company ("Shares") of the
following directors and persons discharging managerial
responsibilities ("PDMRs").
Until June 2014, the Company had been in a prolonged restricted
period meaning that the proposed long-term incentive awards to the
directors had to be included within our remuneration policy which
was submitted to and approved by the shareholders at the 2014
annual general meeting. While the shareholders approved the
remuneration policy (as announced on 10 June 2014), the Company
(through the Remuneration Committee) decided to re-engage with its
shareholders to understand better their views on the policy. As a
result of this consultation, a number of changes have been made to
the Company's remuneration policy and the following grants of
incentives have been made accordingly.
All relevant boxes should be completed in block capital
letters.
State whether the notification
relates to (i) a
transaction notified in
accordance with DTR 3.1.2
R,
(ii) a disclosure made in
accordance
LR 9.8.6R(1) or
(iii) a disclosure made
in accordance with section
793 of the Companies Act
1. Name of the issuer 2. (2006).
LAMPRELL PLC (i) Transaction notified
in accordance with DTR 3.1.2
R
----------------------------------- ---- --------------------------------------------------
3. Name of person discharging 4. State whether notification
managerial relates to a person
responsibilities/director connected with a person
discharging managerial responsibilities/director
named in 3 and identify
the connected person
----------------------------------- ---- --------------------------------------------------
JOHN KENNEDY NO
JAMES MOFFAT
----------------------------------- ---- --------------------------------------------------
Indicate whether the notification
is in respect of a holding
of the person referred to Description of shares (including
in 3 or 4 above or in respect class), debentures or derivatives
of a nonbeneficial or financial instruments
5. interest 1 6. relating to shares
----------------------------------- ---- --------------------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------------------
Name of registered shareholders(s)
and, if more than one, the
number of shares held by State the nature of the
7. each of them 8. transaction
----------------------------------- ---- --------------------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------------------
Percentage of issued class
Number of shares, debentures acquired (treasury shares
or financial of that class should not
instruments relating to be taken into account when
9. shares acquired 10. calculating percentage)
----------------------------------- ---- --------------------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------------------
Percentage of issued class
Number of shares, debentures disposed (treasury shares
or financial of that class should not
instruments relating to be taken into account when
11. shares disposed 12. calculating percentage)
----------------------------------- ---- --------------------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------------------
Price per share or value
13. of transaction 14. Date and place of transaction
----------------------------------- ---- --------------------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------------------
Total holding following
notification and total percentage
holding following notification
(any treasury shares should
not be taken into account Date issuer informed of
15. when calculating percentage) 16. transaction
----------------------------------- ---- --------------------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------------------
If a person discharging managerial responsibilities has been
granted options by the issuer
complete the following boxes:
Period during which or date
17. Date of grant 18. on which exercisable
18 NOVEMBER 2014 18 NOVEMBER 2017
--------------------------- ---- -------------------------------
Description of shares or
Total amount paid (if any) debentures involved (class
19. for grant of the option 20. and number)
--------------------------- ---- -------------------------------
NIL GRANT OF CONDITIONAL AWARD
OF SHARES UNDER THE LAMPRELL
PLC 2009 RETENTION SHARE
PLAN
JOHN KENNEDY 122,499
--------------------------- ---- -------------------------------
Exercise price (if fixed
at time of grant) or
indication that price is Total number of shares or
to be fixed at the time debentures over which options
21. of exercise 22. held following notification
--------------------------- ---- -------------------------------
NIL (ORDINARY SHARES OF 5P EACH)
JOHN KENNEDY 122,499
--------------------------- ---- -------------------------------
Name of contact and telephone
23. Any additional information 24. number for queries
--------------------------- ---- -------------------------------
N/A ALEX RIDOUT +971 4 803 9308
--------------------------- ---- -------------------------------
Period during which or date
25. Date of grant 26. on which exercisable
18 NOVEMBER 2014 18 NOVEMBER 2017
-------------------------------- ---- -------------------------------
Description of shares or
Total amount paid (if any) debentures involved (class
27. for grant of the option 28. and number)
-------------------------------- ---- -------------------------------
NIL GRANT OF CONDITIONAL AWARD
OF SHARES UNDER THE LAMPRELL
PLC 2006 EXECUTIVE SHARE
OPTION PLAN
JAMES MOFFAT 340,855
-------------------------------- ---- -------------------------------
Exercise price (if fixed
at time of grant) or
indication that price is Total number of shares or
to be fixed at the time debentures over which options
29. of exercise 30. held following notification
-------------------------------- ---- -------------------------------
141.25p (ORDINARY SHARES OF 5P EACH)
JAMES MOFFAT 340,855
-------------------------------- ---- -------------------------------
Name of contact and telephone
31. Any additional information 32. number for queries
-------------------------------- ---- -------------------------------
Due to the delay in awarding ALEX RIDOUT +971 4 803 9308
these options that were
committed to be awarded
on 1 March 2013, a cash
compensatory award will
be made, representing the
difference in share price
from 1 March 2013 to the
date of grant, vesting on
1 March 2016 subject to
achievement of the performance
condition and the share
price on 1 March 2016.
-------------------------------- ---- -------------------------------
Period during which or date
33. Date of grant 34. on which exercisable
18 NOVEMBER 2014 IMMEDIATELY FOLLOWING ANNOUNCEMENT
BY COMPANY OF THE RESULTS
FOR FINANCIAL PERIOD ENDING
31 DECEMBER 2015
--------------------------- ---- -----------------------------------
Description of shares or
Total amount paid (if any) debentures involved (class
35. for grant of the option 36. and number)
--------------------------- ---- -----------------------------------
NIL GRANT OF CONDITIONAL AWARD
OF SHARES UNDER THE LAMPRELL
PLC 2008 PERFORMANCE SHARE
PLAN
JAMES MOFFAT 321,691
--------------------------- ---- -----------------------------------
Exercise price (if fixed
at time of grant) or
indication that price is Total number of shares or
to be fixed at the time debentures over which options
37. of exercise 38. held following notification
--------------------------- ---- -----------------------------------
NIL (ORDINARY SHARES OF 5P EACH;
INCLUDING GRANT UNDER BOX
28)
JAMES MOFFAT 662,546
--------------------------- ---- -----------------------------------
Name of contact and telephone
39. Any additional information 40. number for queries
--------------------------- ---- -----------------------------------
N/A ALEX RIDOUT +971 4 803 9308
--------------------------- ---- -----------------------------------
Period during which or date
41. Date of grant 42. on which exercisable
18 NOVEMBER 2014 18 NOVEMBER 2017
--------------------------- ---- -------------------------------
Description of shares or
Total amount paid (if any) debentures involved (class
43. for grant of the option 44. and number)
--------------------------- ---- -------------------------------
NIL GRANT OF CONDITIONAL AWARD
OF SHARES UNDER THE LAMPRELL
PLC 2008 PERFORMANCE SHARE
PLAN
JAMES MOFFAT 321,691
--------------------------- ---- -------------------------------
Exercise price (if fixed
at time of grant) or
indication that price is Total number of shares or
to be fixed at the time debentures over which options
45. of exercise 46. held following notification
--------------------------- ---- -------------------------------
NIL (ORDINARY SHARES OF 5P EACH;
INCLUDING THE GRANTS UNDER
BOXES 28 AND 36)
JAMES MOFFAT 984,237
--------------------------- ---- -------------------------------
Name of contact and telephone
47. Any additional information 48. number for queries
--------------------------- ---- -------------------------------
N/A ALEX RIDOUT +971 4 803 9308
--------------------------- ---- -------------------------------
Name of authorised official of issuer responsible for making
notification : ALEX RIDOUT
Date of notification: 19 November 2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
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