AGA Aga Rangemaster

 
TIDMAGA 
 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL 
                    RESPONSIBILITIES AND CONNECTED PERSONS 
 
 
1.    Name of the issuer: 
 
      AGA Rangemaster Group plc 
 
 
2.    State whether the notification relates to (i) a transaction notified in 
      accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with 
      LR9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of 
      the Companies Act (2006). 
 
      (i) 
 
3.    Name of person discharging managerial responsibilities/director: 
 
      Mr W B McGrath - Director 
      Mr S M Smith   - Director 
      Mr M A Bufton  - PDMR 
      Mr G J V Green - PDMR 
 
4.    State whether notification relates to a person connected with a person 
      discharging managerial responsibilities/director names in 3 and identify 
      the connected person: 
 
      N/A 
 
5.    Indicate whether the notification is in respect of a holding of the 
      person referred to in 3 or 4 above or in respect of a non-beneficial 
      interest: 
 
      N/A 
 
6.    Description of shares (including class), debentures or derivatives or 
      financial instruments relating to shares: 
 
      N/A 
 
7.    Name of registered shareholder(s) and, if more than one, the number of 
      shares held by each of them: 
 
      N/A 
 
8.    State the nature of the transaction: 
 
      N/A 
 
9.    Number of shares, debentures or financial instruments relating to shares 
      acquired: 
 
      N/A 
 
10.   Percentage of issued class acquired (treasury shares of that class should 
      not be taken into account when calculating percentage): 
 
      N/A 
 
11.   Number of shares, debentures or financial instruments relating to shares 
      disposed: 
 
      N/A 
 
12.   Percentage of issued class disposed (treasury shares of that class should 
      not be taken into account when calculating percentage): 
 
      N/A 
 
13.   Price per share or value of transaction: 
 
      N/A 
 
14.   Date and place of transaction: 
 
      N/A 
 
15.   Total holding following notification and total percentage holding 
      following notification (any treasury shares of that class should not be 
      taken into account when calculating percentage): 
 
      N/A 
 
16.   Date issuer informed of transaction: 
 
      N/A 
 
17.   Date of grant: 
 
      16 April 2012 
 
18.   Period during which or date on which it can be exercised: 
 
      Options normally vest three years after date of grant, subject to 
      performance conditions being met.  To the extent that an option vests, it 
      will be capable of exercise at any date from the time at which it vests 
      until the tenth anniversary of the date of grant of the option concerned. 
      The exercise of an option is subject to continued employment or other 
      circumstances as set in the plan rules. 
 
19.   Total amount paid (if any) for grant of the option: 
 
      N/A 
 
20.   Description of shares or debentures involved (class and number): 
 
      Options over ordinary shares of 46 7/8 pence each: 
 
      Mr W B McGrath - 362,566 
      Mr S M Smith   - 208,269 
      Mr M A Bufton  - 127,621 
      Mr G J V Green - 127,621 
 
21.   Exercise price (if fixed at time of grant) or indication that price is to 
      be fixed at the time of exercise: 
 
      Nil-cost Unapproved Options granted under the AGA Rangemaster Group plc 
      2010 Company Share Option Plan. 
 
22.   Total number of shares or debentures over which options held following 
      notification: 
 
      Total number of options over ordinary shares of 46 7/8 pence each under 
      all approved share option schemes: 
 
      Mr W B McGrath - 394,970 
      Mr S M Smith   - 240,673 
      Mr M A Bufton  - 167,895 
      Mr G J V Green - 174,395 
 
23.   Any additional information: 
 
      The options will vest under normal circumstances, subject to the 
      achievement of the performance conditions, at the end of the three years 
      from the date of grant. For this grant of options, the performance 
      conditions are based on EPS growth (50% of the award) and TSR performance 
      achieved versus a comparator group (50% of the award). The number of 
      options that can be exercised by each director or PDMR is tested at the 
      end of the performance period, with a sliding scale operating from 
      minimum to full vesting of conditional awards. No consideration is 
      payable on the grant or the vesting of the options. 
 
24.   Name of contact and telephone for queries: 
 
      P M Sissons Company Secretary 01926 455755 
 
Name and signature of duly authorised officer of issuer responsible for making 
notification. 
 
 
.......................................... 
 
P M Sissons Company Secretary 
Date of notification: 17 April 2012 
 
 
 
 
 
 
 
END 
 

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