20th Dec 2010 10:21
Daily Mail and General Trust Plc
Daily Mail and General Trust plc (the Company) announces that on 20 December 2010, conditional share awards (the Core Awards) over `A' Ordinary non-voting shares in the Company (Shares) were made to the following Directors, being persons discharging managerial responsibilities (PDMRs) in the Company, under the Daily Mail and General Trust plc Long Term Incentive Plan (the Plan):
Name Maximum number of Shares under Core Award (Core Award Shares)
Mr M. W. H. Morgan 97,974
Mr K.J. Beatty 72,403
The number of Core Award Shares set out above is the maximum number which may vest under the Core Awards. The actual number of Core Award Shares which vest will depend on the extent to which performance conditions have been satisfied over a three-year period ending 29 September 2013. These awards have been made with appropriately stretching performance targets linked to the business strategy.
Mr Beatty's award is based on performance targets within the consumer media division.
In addition, subject generally to the participant remaining in service, the number of Core Award Shares which vest may then attract a linked conditional share award of up to two times that number of Shares in further Shares under Matching Awards (the Matching Award Shares). Matching Award Shares will vest over a further three years, subject to retention of the Core Award Shares by the participant.
The Share price used to determine the number of Shares under awards was that at close of business on Friday 17 December 2010 of £5.585.
This notice is given in fulfilment of the obligation under DTR3.1.4 (1)(a).
Name of contact and telephone number for queries:
N. D. JENNINGS, 020 7938 6625
20 December 2010
DAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L