Wincanton Plc Director/PDMR Shareholding
December 19 2014 - 10:50AM
UK Regulatory
TIDMWIN
Wincanton plc (the `Company')
In fulfilment of an obligation imposed by DTR 3.1, the Company announces the
following details relating to awards made under the terms of the Wincanton plc
2011 Special Option Plan (`SOP').
1. Date of grant:
17 DECEMBER 2014
2. Period during which the option award is exercisable, assuming that the
performance conditions are achieved:
17 DECEMBER 2017 to 17 DECEMBER 2024
3. Total amount paid (if any) for award:
NIL
4. Description of shares involved:
The grants were made over Ordinary shares of 10 pence each in the Company.
Name of Director / PDMR Position No. of Shares
MARTIN PALMER PDMR 93,361
5. Exercise price:
GBP1.6067
6. Total number of shares over which awards held, under the terms of the SOP
following this notification:
Name of Director / PDMR Position No. of Shares
MARTIN PALMER PDMR 93,361
7. Any additional information:
It is anticipated that future exercises will be settled using both shares held
in the Employee Share Trust and new issue shares.
Under the SOP, the vesting of options is subject to a performance requirement
based on average absolute total shareholder return growth over a three-year
vesting period (the option starting to vest above 10% per annum i.e. 0% at 10%,
with 100% of the option vesting for 22% per annum). In addition, the Company's
Earning per Share must not reduce over the three-year vesting period for
options to be capable of vesting.
The exercise price and size of award are calculated with reference to the
average share price for the 3 days immediately prior to the date of grant.
8. Name of authorised company official responsible for making this
notification:
Alison Dowling, Company Secretary - 01249 710 000
9. Date of Notification:
19 December 2014
END
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