Stock Exchange announcements
30-Nov-2010: Director/PDMR Shareholding
These are ‘top-up’ awards that are being made as a result of recommendations from a Price Waterhouse Coopers remuneration review that was carried out earlier this year.
The LTIP awards are over a combination of both 40p ‘A’ ordinary and 4p ‘B’ ordinary shares.
The calculation of both the awards was based on the closing Fullers share price as at 29 November 2010, being £6.22 for ‘A’ shares and £0.622 (notionally) for ‘B’ shares.
An award amounts to a contractual right to acquire an interest in shares, provided the director/senior manager remains an employee at the third anniversary of the grant (the normal vesting date), and only to the extent that the performance condition attached to the scheme is met. These criteria are based on a sliding scale which may result in less than the full award vesting.
LTIP13 A - Grant
NAME OF DIRECTOR*/OR PDMR NO OF A SHARES GRANTED (80%) NO OF B SHARES GRANTED (20%)
*James Douglas 4,190 10,476
*Simon Emeny 3,439 8,597
*Michael Turner 6,984 17,460
Senior Executive Share Option Grant
NAME OF DIRECTOR*/OR PDMR NO OF A SHARES GRANTED
*James Douglas 1,047
*Simon Emeny 859
*Michael Turner 1,746
Enquiries: Marie Gracie, Company Secretary - 0208 996 2073
Category: Director/PDMR Shareholding