30th Jan 2009 14:40
COMPASS GROUP PLC: DIRECTOR/PDMR SHAREHOLDING
Compass Group PLC (the "Company") announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").
Long Term Incentive Plan Release
On 29 January 2009, Didier Coutte, a PDMR, who is responsible for the Group's French, Japanese and Australasian businesses, exercised his rights over a vested award made under the Compass Group Long Term Incentive Plan (which was granted for nil consideration) following satisfaction of both the Free Cash Flow and Total Shareholder Return performance conditions in the three years ended 30 September 2008 and 299,636 Shares were issued.
Of the shares issued, 27,216 shares were sold on 30 January 2009 at 345.67p per share in order to realise sufficient funds to settle resultant tax liabilities arising from such issue.
Following the transactions detailed above, Mr Coutte has increased his holding and is interested in Shares as shown below:
|
NAME |
NUMBER OF SHARES |
PERCENTAGE OF ISSUED SHARE CAPITAL |
|
Didier Coutte |
632,127 |
0.034% |
ENDS
Enquiries:
Compass Group PLC
+44 (0)1932 573000
Investors/Analysts: Mark J White, General Counsel & Company Secretary
Media: Chris King, Group Head of Media Relations
Compass Group is the world's leading foodservice company. We specialise in providing food, vending and related services on our clients' premises and we generated annual revenues of around £11 billion in the year to 30 September 2008. The company operates across the following core sectors of Business and Industry (B&I), Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio. For more information visit www.compass-group.com.
Related Shares:
Compass Group