PENDRAGON PLC - Director/PDMR Shareholding
March 09 2015 - 06:15AM
PR Newswire (US)
09 March 2015
Pendragon PLC ("the Company")
Conditional awards for 2015 under the Pendragon Long Term Incentive Plan
("LTIP")
Performance Awards under the LTIP were granted on 09 March 2015 to the
executive directors listed below:-
Director Number of performance awards
T G Finn 1,764,593
M S Casha 1,113,236
T P Holden 840,704
H C Sykes 490,164
Vesting of the Performance Awards under the LTIP is subject to the satisfaction
of performance conditions based on achieving defined earnings per share targets
measured from the 2014 earnings per share result over a three year performance
period, and subject to an underpin of creating absolute total shareholder
value:-
Annual EPS Growth (three year performance period) Vesting Percentage:
Less than RPI +4% 0%
RPI + 4% 25%
RPI + 10% 100%
Straight line vesting between performance points
If the performance condition is not satisfied, none of the LTIP award shares
will vest.
Following the award of the above Performance Awards, the executive directors'
respective beneficial holdings in Pendragon PLC ordinary shares remains
unchanged, and are as detailed below:-
Director Number of Shares Percentage of issued capital
T G Finn 34,317,691 2.35%
M S Casha 7,135,869 0.49%
H C Sykes 2,535,988 0.17%
T P Holden 1,127,015 0.08%
This announcement is intended to satisfy obligations under the Disclosure and
Transparency Rules 3.1.4R(1).
HILARY C SYKES
09 MARCH 2015
Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114
Tim Holden
RLM Finsbury Gordon Simpson Tel: 0207 1513801
-ENDS-
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