7th Mar 2008 17:18
Davis Service Group PLC07 March 2008 The Davis Service Group Plc ("the Company") Notification of Interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") and connected persons The Company announces the following changes to the interests of Directors and PDMRs in the Company's ordinary shares of 30p each ("Shares"). On 6 March 2008 the Company granted the following share-based conditional awards ("Awards") under the Davis Service Group Deferred Bonus Share Plan 2006 ("DBSP") and the Davis Service Group Performance Share Plan 2006 ("PSP"). Executive Directors DBSP PSP Total options SharesName Role Award Award and awards already held (number) (number) now held (number) (number) I R Dye Chief Executive 10,083 90,759 317,991 92,999K Quinn Finance Director 5,880 54,653 180,313 10,000 PDMRs DBSP PSP Total options SharesName Role Award Award and awards already held (number) (number) now held (number) (number) C Ellegaard Managing Director 8,125 73,469 108,962 - Nordic RegionS R Finch Managing Director: 5,209 56,282 189,782 - UK/Eire RegionP E Haveus Managing Director 8,125 66,305 141,376 - Continent RegionD A Lawler Company Secretary 4,696 42,848 167,195 40,523 The DBSP Under the DBSP a percentage of a participant's annual bonus is deferred for twoyears into an Award over Shares. Awards granted under the DBSP will vest on 5March 2010, but only to the extent that the participant is still employed in theDavis Service Group at that time. Other than the application of a percentage ofthe annual bonus in the acquisition of Shares, no consideration is payable onthe grant or vesting of the Awards. To the extent that an Award vests, a participant will at that time be entitledto receive additional Shares of an amount equivalent to the dividends that wouldhave been paid on the Shares comprised in their Award over the vesting period. The PSP Awards granted under the PSP will vest on 5 March 2011, but only to the extentthat certain performance criteria based on total shareholder return and earningsper share are satisfied by the Company over a three year performance periodwhich commenced on 1 January 2008. No consideration is payable on the grant orvesting of the Awards. The notification of these Awards is intended to satisfy the Company'sobligations under Disclosure and Transparency Rule 3.1.4(1). David Lawler Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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