1st May 2014 15:28
1 May 2014
Lavendon Group plc
Director and PDMR Announcement
This notification is made in accordance with DTR 3.1.4(1)(a).
Under the terms of the Lavendon Group plc 2006 Long Term Incentive Plan ("Plan"), awards, granted on 12 April 2011, over ordinary shares of 1p each in the Company ("Ordinary Shares") have vested and were subsequently exercised on 1 May 2014. Within these awards, and in accordance with the rules of the Plan, additional awards representing the value of dividends that would have been paid on the vested shares during the period between the date of grant and the date of vesting of the awards have been made. A summary of the awards vested and exercised is given below:
Basic Award | Dividend Equivalent | Total Award | ||
Alan Merrell | Group Finance Director | 150,000 | 5,267 | 155,267 |
Gonzague Depraetere | Managing Director - France | 37,000 | 1,299 | 38,299 |
Hayley Holloway | Group HR Director | 37,000 | 1,299 | 38,299 |
Mark Johnson | Group Business Systems and IT Director | 18,000 | 632 | 18,632 |
Adam Rochelle | Group Financial Controller | 18,000 | 632 | 18,632 |
The Company has been notified that on 1 May 2014 the following individuals have sold Ordinary Shares at a price of 226.5 pence per share.
Shares Disposed | ||
Alan Merrell | Group Finance Director | 140,267 |
Gonzague Depraetere | Managing Director - France | 38,299 |
Hayley Holloway | Group HR Director | 38,299 |
Mark Johnson | Group Business Systems and IT Director | 18,632 |
Adam Rochelle | Group Financial Controller | 18,632 |
Following the exercise of awards under the Plan and subsequent sale of shares, the beneficial interests of these individuals in the share capital of the Company and their remaining interests in share incentive schemes over Ordinary Shares in the Company are detailed below:
Ordinary Shares | Share Incentive Scheme Awards Outstanding | ||
Alan Merrell | Group Finance Director | 190,000 | 439,115 |
Gonzague Depraetere | Managing Director - France | - | 160,000 |
Hayley Holloway | Group HR Director | - | 99,000 |
Mark Johnson | Group Business Systems and IT Director | 30,000 | 56,000 |
Adam Rochelle | Group Financial Controller | - | 56,000 |
For further information please contact:
Lavendon Group plc Don Kenny, Chief Executive Alan Merrell, Group Finance Director | T: +44(0)1455 558874 |
FTI Consulting Jonathon Brill/Alex Beagley | T: +44(0)203 727 1000 |
Related Shares:
LVD.L