Director PDMR Shareholding

Long Term Incentive Plan

At its meeting on 27 June 2016, the Remuneration Committee confirmed the awards under the Company’s Long Term Incentive Plan (“LTIP”) which included the notifiable awards set out below.

All awards are over a combination of both 40p ‘A’ ordinary and 4p ‘B’ ordinary shares.

The calculation of the awards was based on the closing price as at 24 June 2016, being £10.23 for ‘A’ shares and £1.023 (notionally) for ‘B’ shares.

An award amounts to a contractual right to acquire an interest in shares, provided the director 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.

NAME OF DIRECTOR/OR PDMR

NO OF A SHARES GRANTED (80%)

NO OF B SHARES GRANTED (20%)

NO OF ‘A’ SHARES AS A % OF ISSUED CLASS

NO OF ‘B’ SHARES AS A % OF ISSUED CLASS

 

 

 

 

 

James Douglas

25,118

62,795

0.07%

0.07%

Simon Emeny

36,129

90,322

0.11%

0.10%

Richard Fuller

11,709

29,274

0.03%

0.03%

Jonathon Swaine

15,483

38,709

0.05%

0.04%

Enquiries:  Séverine Garnham, Company Secretary - 0208 996 2073