Stock Exchange announcements
21-Jul-2009: Director/PDMR Shareholding
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 2006. These awards included both listed “A” ordinary shares of 40p each and unquoted “B” ordinary shares of 4p each. On 20 July 2009, 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 20 July 2009. 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 £4.75 per “A” ordinary share. In accordance with the terms of the LTIP, where the resultant shares have been re-deposited with the LTIP Trustee, 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 yesterday’s vest, sale and match.
“A” Ordinary 40p shares
Enquiries: Marie Gracie - Company Secretary - 07956 559285
Category: Director/PDMR Shareholding