RNS Number : 5241H
Hill & Smith Hldgs PLC
16 March 2015
HILL & SMITH HOLDINGS PLC
Hill & Smith 2007 Long-term Incentive Plan
Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules
Hill & Smith Holdings PLC announces that the Remuneration Committee has approved the vesting of 92.7% of the awards that had been made on 21 March 2012 to the below Directors and persons discharging managerial responsibilities in accordance with the rules of the Hill & Smith Holdings PLC 2007 Long-term Incentive Plan.
|
|
Share awards granted on 21 March 2012 |
Dividend Reinvestment |
|
Shares Vested under 2012 award |
|
|
Derek Muir |
125,091 |
13,226 |
|
128,820 |
|
|
Mark Pegler |
73,941 |
8,434 |
|
81,759 |
|
|
Mark Tonks |
58,886 |
6,224 |
|
60,339 |
|
The participants are not required to make any payment for the vesting shares which vest on achievement of specified performance targets of growth in underlying earnings per share and relative total shareholder return.
As a result of the above vesting and the sale of some of the vested shares to meet the tax and national insurance liability payable by the individual, the current shareholdings of each individual is as follows:
|
|
Number of shares sold |
Disposal price (per share) |
Outstanding LTIP Awards |
Resultant Beneficial interest |
Resultant holding (%) |
|
Derek Muir |
60,264 |
594p |
178,447 |
211,698 |
0.27 |
|
Mark Pegler |
38,427 |
594p |
114,109 |
94,730 |
0.12 |
|
Mark Tonks |
28,359 |
594p |
37,600 |
52,454 |
0.07 |
Enquiries
Alex Henderson
Company Secretary
Hill & Smith Holdings PLC
Tel: 0121 704 7430
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