GKN PLC Director/PDMR Shareholding
March 24 2017 - 11:49AM
UK Regulatory
TIDMGKN
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND CONNECTED PERSONS
GKN plc (the 'Company') announces that it has been notified of the following
transaction in the Company's ordinary shares of 10p ('Shares') undertaken by a
person discharging managerial responsibilities ('PDMR').
GKN Deferred Bonus Plan ('DBP')
On 22nd March 2017, a DBP award was granted to the PDMR named below. The DBP
award represents a percentage of the amount earned under the Company's annual
bonus arrangements for 2016 compulsorily deferred and invested into Shares.
Subject to the rules of the DBP, the Shares will normally be released after the
announcement of the Company's annual results for the financial year following
the year in which the award was granted. Malus provisions will apply to the
award.
No consideration was paid for the grant of the DBP award and no payment is due
on release of any Shares.
PDMR Number of Shares awarded
Kevin Cummings 16,675
Further details of the transaction can be found in the Notification of Dealing
Form for the PDMR set out below.
This notification is made in accordance with the requirements of Article 19 of
the EU Market Abuse Regulation.
Notification of Transactions
Details of the Person Discharging Managerial Responsibilities/ Person Closely
Associated With
Name Kevin Cummings
Reason for the notification
Position/status Chief Executive GKN Aerospace
Initial notification /Amendment Initial
Details of the issuer
Name GKN plc
LEI 213800QNZ22GS95OSW84
Details of the transaction(s): section to be repeated for (i) each type of
instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where
transactions
have been conducted
Description of the financial instrument, GKN plc ordinary shares of 10p each
type of instrument
Identification code GB0030646508
Nature of the transaction Award of shares under the GKN Deferred
Bonus Plan
Price(s) Volume(s)
Price(s) and volume(s)
0 16,675
Aggregated information
16,675
0
Date and time of the transaction 2017/03/22
Place of the transaction Outside a trading venue
24 March 2017
LEI: 213800QNZ22GS95OSW84
Classification of Information: Additional regulated information required to be
disclosed under the laws of a member state
END
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