22nd May 2013 13:23
PENDRAGON PLC - Director/PDMR ShareholdingPENDRAGON PLC - Director/PDMR Shareholding
PR Newswire
London, May 22
22 May 2013
Pendragon PLC ("the Company")Conditional awards for 2013 under the Pendragon Long Term Incentive Plan ("LTIP")
Performance Awards under the LTIP were granted on 22 May 2013 to the executivedirectors listed below:-
Director Number of performance awards T G Finn 874,528 M S Casha 500,424 T P Holden 378,773 H C Sykes 242,924Vesting of the Performance Awards under the LTIP is subject to the satisfactionof performance conditions based on achieving defined earnings per share targetsmeasured from the 2012 earnings per share result over a three year performanceperiod, and subject to an underpin of creating absolute total shareholdervalue:-
Annual EPS Growth (three year Vesting Percentage:performance period) Less than RPI +4% 0% RPI + 4% 25% RPI + 10% 100% Straight line vesting between performance pointsIf the performance condition is not satisfied, none of the LTIP award shareswill vest.
Following the award of the above Performance Awards, the executive directors'respective beneficial holdings in Pendragon PLC ordinary shares remainsunchanged, and are as detailed below:-
Director Number of Shares Percentage of issued capital T G Finn 34,317,691 2.387% M S Casha 7,135,869 0.496% H C Sykes 2,535,988 0.176% T P Holden 1,127,015 0.078%This announcement is intended to satisfy obligations under the Disclosure andTransparency Rules 3.1.4R(1).
HILARY C SYKES 22 MAY 2013 Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114 Tim Holden Finsbury Gordon Simpson Tel: 0207 1513801 -ENDS-Related Shares:
PDG.L