Stock Exchange announcements
22-Jul-2008: Long Term Investment Plan
Long Term Investment Plan (“LTIP”)
Directors’ and Persons Dispensing Managerial Responsibility (“PDMR”)’s interests in ordinary shares of the Company
Fuller’s granted awards to Directors and PDMRs under its LTIP in July 2005. These awards included both listed “A” ordinary shares of 40p each and unquoted “B” ordinary shares of 4p each. On 21 July 2008, the Company’s Remuneration Committee determined that in accordance with the parameters of the Plan, 100 per cent of the initial awards would be vested in those employees entitled.
Under the rules of the LTIP the shares allocated to Directors and PDMRs vested on 21 July 2008. To facilitate the financing of the resultant tax liabilities, each allottee has sold in the market a proportion of the “A” ordinary shares so awarded today at £4.10 per “A” ordinary share. In accordance with the terms of the LTIP, where the resultant shares have been re-deposited with the LTIP a further matching award has been granted.
The table below sets out the entitlements of the following Directors (denoted with a *) and PDMRs of the Company, as a consequence of today’s vest, match and sale.
Enquiries: Marie Gracie - Company Secretary - tel 020 8996 2105 firstname.lastname@example.org
Category: Director/PDMR Shareholding