7th Jun 2005 13:16
GUS PLC7 June 2005 GUS plc ("THE COMPANY) DIRECTORS' INTERESTS IN CONNECTION WITH THE GUS PLC PERFORMANCE SHARE PLAN In June 2002 the Company made awards under its Performance Share Plan todirectors with such awards taking the form of a deferred right to acquire sharesat no cost to the participant. The vesting of such awards is subject toperformance conditions and the conditions in respect of this award have now beensatisfied. Accordingly, on 6 June 2005, the following transactions in theCompany's ordinary shares of 25p each took place. Name of Plan shares Plan shares Plan shares Number of director released sold after retained Ordinary release * shares now held John Peace 99,540 50,894 48,646 342,800 Terry Duddy 80,398 33,030 47,368 198,892 David Tyler 58,192 23,907 34,285 217,178 * The sale of shares took place at a price of 853.1167p per share. In the caseof Terry Duddy and David Tyler, the sale was made to satisfy the UK tax andnational insurance liabilities falling due on the vesting of their awards. Inthe case of John Peace, a further 10,000 shares were sold over and above thoserequired to be sold to satisfy the UK tax and national insurance liabilities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gusbourne