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08-Aug-2013: Directors’ interests in Ordinary Shares of the Company

Fuller’s announces the Trustees of its Long Term Incentive Plan (“LTIP”) yesterday made a release of shares to Directors in accordance with the LTIP (grant number 13) which includes both listed “A” ordinary shares of 40p each and unquoted “B” ordinary shares of 4p each.

To facilitate the financing of the resultant tax liability arising on these awards, the Trustees have also sold in the market on behalf of each Director a proportion of the ‘A’ ordinary shares originally awarded at £5.78 per shares. The shares were sold yesterday at £9.20 per share. As shown in the table below, some of the participants have also requested that the Trustees sell further shares on their behalf. These shares were also sold at £9.20 per share.

DIRECTOR 40p ‘A’ Shares 40p ‘A’ Additional 40p 4p ‘B’

To be sold shares ‘A’ Shares Shares

for tax & NI released to be sold released

for participants

James Douglas 9,923 - 6,896 42,048

Simon Emeny 11,432 - 7,945 48,443

Richard Fuller 6,859 - 4,767 29,066

Jonathon Swaine 2,392 1,871 - 10,657

Michael Turner 14,826 10,364 - 62,975

The LTIP also made the undernoted special releases to Michael Turner, which include both listed “A” ordinary shares of 40p each and unquoted “B” ordinary shares of 4p each. These special releases were approved by the Remuneration Committee and made on a pro-rated basis (to 1 July 2013) as Mr Turner is no longer entitled to participate in the LTIP as he became Non-Executive Chairman on 1 July 2013. The Trustees have also sold in the market a proportion of the ‘A’ ordinary shares at the prices at £9.20 per share to facilitate the financing of the resultant tax liability arising on these awards.

Award Price 40p ‘A’ Shares 40p ‘A’ shares 4p ‘B’ shares

Shares sold released released

for tax and NI

LTIP 13A £6.30 2,303 1,608 9,778

LTIP 14 £7.09 10,102 7,062 42,910

LTIP 15 £7.05 6,674 4,667 28,353

8 August 2013

Enquiries: Louise Miller, Assistant Company Secretary 020 8996 2115

Enquiries:
Category: Director/PDMR Shareholding

This page was printed from the website of Fuller, Smith & Turner P.L.C at http://www.fullers.co.uk/