11th Apr 2005 16:50
Trinity Mirror PLC11 April 2005 Trinity Mirror plc (the "Company") 1. The independent trustee (the "Trustee") of the TrinityMirror Employees' Benefit Trust (the "Trust") notified the Company on 11th April2005, that it had on 8th April 2005 purchased and now holds as bare trustee inaccordance with the rules of the Trinity Mirror Long Term Incentive Plan (the"LTIP") the following ordinary shares in the capital of Trinity Mirror plc forthe following directors at a price of 702.69p* per share.Director Number of Shares Vijay Vaghela 7,066Paul Vickers 4,664 The revised shareholding for each director following these transactions is asfollows:Director Beneficial Holding Vijay Vaghela 22,105Paul Vickers 38,550 2. The Trustee also notified the Company on 11th April 2005that it had on 8th April 2005 purchased a total of 861,004 ordinary shares inthe capital of Trinity Mirror plc at a price of 702.69p* per share to bedistributed to eligible employees in accordance with the LTIP. 3. The Trustee also notified the Company on 11th April 2005that it had on 11th April 2005 granted Matching Share Awards (in connection withthe acquisition of ordinary shares on behalf of the directors referred to above)and Performance Share Awards, both in the form of nil-cost options to thedirectors of Trinity Mirror plc listed below under the LTIP to acquire ordinaryshares in the capital of Trinity Mirror plc. The awards under the LTIP arenormally exercisable from the third anniversary of their date of grant for aperiod of six months subject to the satisfaction of conditions relating to theperformance of the Company over the three financial years to which an awardrelates and, in certain cases, the retention of Shares purchased and held ontheir behalf by the Trustee. The total exercise price payable on any exerciseof a LTIP award is £1.Director Number of Shares - Matching Share Award Vijay Vaghela 23,953Paul Vickers 15,810 Director Number of Shares - Performance Share Award Sly Bailey 87,622Vijay Vaghela 42,963Paul Vickers 39,006 Following these transactions, the trustees of the Trinity Mirror Groupemployees' benefit trusts hold a total of 2,030,945 ordinary shares in TrinityMirror plc. Sly Bailey, Vijay Vaghela and Paul Vickers, as directors andemployees of Trinity Mirror plc are amongst the potential beneficiaries underthese trusts and are therefore regarded for Companies Act purposes as beinginterested in the Trinity Mirror plc ordinary shares held in them. *Excluding transaction costs This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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