26th Sep 2014 17:35
LONDON (Alliance News) - Smiths Group PLC Friday said a number of directors have acquired a number of shares in the company.
"On September 25 2014 the conditional share awards granted on December 16 2011 under the Smiths Group Long-Term Incentive Plan 2011 and its Divisional Long-Term Incentive Plans (LTIP) partially vested in accordance with the LTIP rules. On the same date, the matching share awards granted on October 24 2011 under the Company's Co-Investment Plan (CIP) vested in accordance with the CIP rule," Smiths Group said.
Some shares were sold in order tp pay income tax and National Insurance contributions or social security charges incurred as a result of the awards vesting.
The weighted average price per share at which the shares were sold was 1,276.6792 pence per share.
Table 1
Col. A | Col. B | Col. C | Col. D | Col. E | Col. F |
Name | Status | Shares acquired under LTIP | Shares acquired under CIP | Shares sold in market | Shares retained |
Mr P. Bowman | Director | 49,558 | 95,377 | 68,256 | 76,679 |
Mr P.A. Turner | Director | 16,116 | 33,781 | 23,499 | 26,398 |
Mr S.C. Beesley | PDMR | 1,692 | 8,972 | 5,023 | 5,641 |
Mr R.H.C. Carter | PDMR | 2,839 | 10,964 | 6,501 | 7,302 |
Mr M.H.C Herlihy | PDMR | 9,066 | 23,638 | 15,402 | 17,302 |
Mr J.B.F. Jones | PDMR | 7,857 | 15,489 | 10,995 | 12,351 |
Mr T. Nolan | PDMR | 6,925 | 19,102 | 12,258 | 13,769 |
Mr W.T. Smith | PDMR | 34,022 | 36,187 | 35,175 | 35,034 |
"On September 26, the company granted conditional share awards under the Smiths Group Long Term Incentive Plan 2011 (LTIP) in accordance with the LTIP rules. For the directors and PDMRs with group-wide responsibilities...vesting will be dependent on the achievement of three separate performance conditions over a three-year performance period, namely: relative total shareholder return: growth in earnings per share: and cash conversion," the group said.
Table 2
Name | Status | No. of shares over which a conditional share award was granted under LTIP on 26 Sep 2014 |
Mr P. Bowman | Director | 200,796 |
Mr P.A. Turner | Director | 63,745 |
Mr S.C. Beesley | PDMR | 21,912 |
Mr S. Bracone | PDMR | 27,390 |
Mr. M.H.C. Herlihy | PDMR | 31,872 |
Mr J.B.F. Jones | PDMR | 28,884 |
Mr T. Nolan | PDMR | 29,880 |
A number of managers also received awards. Vesting will depend on the achievement of six separate performance conditions, relating to the participant's division, over a three-year performance period.
Table 3
Name | Status | No. of shares over which a conditional share award was granted under LTIP on 26 Sep 2014 | |
Mr R.H.C. Carter (Interconnect) | PDMR | 29,880 | |
Mr D. Gillis (John Crane) | PDMR | 43,848 | |
Mr R. Ingram (Smiths Detection) | PDMR | 44,621 | |
Mr J. McCaulley (Smiths Medical) | PDMR | 56,578 | |
Mr W.T. Smith (Flex Tek) | PDMR | 27,581 | |
In addition, Smiths Group said a number of directors and managers have bought company shares in order to participate in the 2014 grant of conditional share awards under CIP. The weighted average purchase price of the shares was 1276.6792p per share. The company granted performance-related conditional share awards to them.
Table 4
Col. A | Col. B | Col. C | Col. D |
Name | Status | Shares purchased | No. of shares over which a conditional share award was granted under CIP on 26 Sep 2014 |
Mr P. Bowman | Director | 12,495 | 51,203 |
Mr P.A. Turner | Director | 4,328 | 17,737 |
Mr S.C. Beesley | PDMR | 2,732 | 11,197 |
Mr S. Bracone | PDMR | 1,782 | 7,304 |
Mr R.H.C. Carter | PDMR | 2,665 | 10,921 |
Mr D. Gillis | PDMR | 9,208 | 37,736 |
Mr M.H.C. Herlihy | PDMR | 3,826 | 15,681 |
Mr R. Ingram | PDMR | 1,361 | 5,577 |
Mr J.B.F. Jones | PDMR | 3,628 | 14,870 |
Mr J. McCaulley | PDMR | 2,973 | 12,185 |
Mr T. Nolan | PDMR | 2,479 | 10,159 |
Mr W.T. Smith | PDMR | 5,490 | 22,496 |
Smiths Group also published the directors and managers' resulting interests in the company.
Table 5
Name | Status | Total interests in shares following all notifications |
Mr P. Bowman | Director | 610,599 |
Mr P.A. Turner | Director | 87,605 |
Mr S.C. Beesley | PDMR | 13,536 |
Mr S. Bracone | PDMR | 1,782 |
Mr R.H.C. Carter | PDMR | 28,356 |
Mr D. Gillis | PDMR | 15,931 |
Mr M.H.C. Herlihy | PDMR | 62,741 |
Mr R. Ingram | PDMR | 1,361 |
Mr J.B.F. Jones | PDMR | 45,762 |
Mr J. McCaulley | PDMR | 2,973 |
Mr T. Nolan | PDMR | 48,862 |
Mr W.T. Smith | PDMR | 175,832 |
Smiths Group shares Friday closed down 0.6% at 1,247.00 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Table 4
Col. A | Col. B | Col. C | Col. D |
Name | Status | Shares purchased | No. of shares over which a conditional share award was granted under CIP on 26 Sep 2014 |
Mr P. Bowman | Director | 12,495 | 51,203 |
Mr P.A. Turner | Director | 4,328 | 17,737 |
Mr S.C. Beesley | PDMR | 2,732 | 11,197 |
Mr S. Bracone | PDMR | 1,782 | 7,304 |
Mr R.H.C. Carter | PDMR | 2,665 | 10,921 |
Mr D. Gillis | PDMR | 9,208 | 37,736 |
Mr M.H.C. Herlihy | PDMR | 3,826 | 15,681 |
Mr R. Ingram | PDMR | 1,361 | 5,577 |
Mr J.B.F. Jones | PDMR | 3,628 | 14,870 |
Mr J. McCaulley | PDMR | 2,973 | 12,185 |
Mr T. Nolan | PDMR | 2,479 | 10,159 |
Mr W.T. Smith | PDMR | 5,490 | 22,496 |
4. INTERESTS IN SHARES
The resulting interests of the Directors and PDMRs in shares are shown against their names in Table 5 below.
Table 5
Name | Status | Total interests in shares following all notifications |
Mr P. Bowman | Director | 610,599 |
Mr P.A. Turner | Director | 87,605 |
Mr S.C. Beesley | PDMR | 13,536 |
Mr S. Bracone | PDMR | 1,782 |
Mr R.H.C. Carter | PDMR | 28,356 |
Mr D. Gillis | PDMR | 15,931 |
Mr M.H.C. Herlihy | PDMR | 62,741 |
Mr R. Ingram | PDMR | 1,361 |
Mr J.B.F. Jones | PDMR | 45,762 |
Mr J. McCaulley | PDMR | 2,973 |
Mr T. Nolan | PDMR | 48,862 |
Mr W.T. Smith | PDMR | 175,832 |
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