Marshalls PLC Director/PDMR Shareholding (6938V)
April 19 2016 - 11:05AM
UK Regulatory
TIDMMSLH
RNS Number : 6938V
Marshalls PLC
19 April 2016
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY ("PDMR") OR CONNECTED PERSONS
In accordance with DTR 3.1.4(1), Marshalls plc (the "Company")
has been advised on 18 April 2016 of the following transactions in
the ordinary shares of 25 pence each in the Company and resulting
interests of Executive Directors/ PDMR and their connected
persons.
Award holders have exercised their nil-cost options in the form
of Performance Share Awards granted on 17 April 2013 under the 2005
LTIP. These awards were conditional upon the satisfaction of
performance conditions in respect of the three financial years
ending 31 December 2013, 2014 and 2015 and, following publication
of the Annual Results for 2015 and the satisfaction of the share
price measurement applicable to Martyn Coffey's 2013 Performance
Share award, these Performance Share Awards have vested in
full.
The Marshalls plc Employee Benefit Trust (the "EBT") has
satisfied vesting awards out of shares previously acquired in the
market by the EBT. The EBT also offered to purchase shares from
participants, in particular to enable them to satisfy tax
liabilities on the vesting of the awards. The sale and purchase of
shares between the EBT and LTIP participants were "off market"
transactions in which the value ascribed to the shares was
determined as 335 pence per ordinary share, being the mid-market
closing price of the Company's 25 pence ordinary shares on 15 April
2016, the last dealing day prior to exercise.
The resulting interests of Executive Directors/PDMR are shown
below.
Name 2013 LTIP Shares sold Resulting
Shares vesting to EBT Number of
Shares retained
Executive Directors
M Coffey 225,157 105,824 119,333
The effective date of the transactions referred to in this
announcement was 18 April 2016.
Enquiries: C E Baxandall, Group Company Secretary, Marshalls
plc, Tel: 01422 314777
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEASLNFEAKEFF
(END) Dow Jones Newswires
April 19, 2016 11:05 ET (15:05 GMT)
Marshalls (LSE:MSLH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Marshalls (LSE:MSLH)
Historical Stock Chart
From Apr 2023 to Apr 2024