1st Mar 2006 16:18
Ladbrokes PLC01 March 2006 DIRECTORS' SHARE INTERESTS LADBROKES PLC ("THE COMPANY") ANNOUNCES THAT: • COMPUTERSHARE TRUSTEES (C.I.) LIMITED ('THE TRUSTEE'), AS TRUSTEE OF THE HILTON GROUP SHARE OWNERSHIP TRUST ("THE TRUST"), ON 24 FEBRUARY 2006 ACQUIRED 310,504 ORDINARY SHARES (REPRESENTING 0.02% OF THE ISSUED SHARE CAPITAL) OF LADBROKES PLC ("THE SHARES") AT A PRICE OF 369P PER SHARE; THE SHARES ARE HELD SUBJECT TO THE TERMS OF THE TRUST FOR THE BENEFIT OFEMPLOYEES OF COMPANIES WITHIN THE LADBROKES GROUP OF COMPANIES ('EMPLOYEES').MR C BELL, MR J O'REILLY MR A S ROSS AND MS R P THORNE, WHO ARE ALL DIRECTORS OFLADBROKES PLC AND MR M J NOBLE AND MR M P O'KANE WHO ARE OTHER PERSONSDISCHARGING MANAGERIAL RESPONSIBILITY ('PDMRs'), ACQUIRED (FOR THE PURPOSES OFSECTION 324 OF THE COMPANIES ACT 1985) AN INTEREST IN THE SHARES ACQUIRED BY THETRUSTEE BY REASON OF BEING EMPLOYEES. • THE TRUSTEE HAS ON 24 FEBRUARY 2006 AWARDED ORDINARY SHARES OF 10P EACH OF THE COMPANY UNDER THE HILTON GROUP EXECUTIVE DEFERRED BONUS PLAN ("THE PLAN") AS PART OF THE BONUSES DUE IN RESPECT OF THE 2005 FINANCIAL YEAR TO EMPLOYEES INCLUDING THOSE DIRECTORS AND PDMRs DETAILED BELOW. THE SHARES WILL VEST AUTOMATICALLY ON THE VESTING DATE WHICH IS LIKELY TO BE ONOR ABOUT 24 FEBRUARY 2008. SHARE INTERESTS UNDER THE PLAN MAY NOT BE SOLD,TRANSFERRED, CHARGED OR OTHERWISE DISPOSED OF PRIOR TO THE VESTING DATE. SHARES WERE AWARDED TO THE DIRECTORS AND PDMRs AS FOLLOWS: NAME NO OF SHARES AWARDED DIRECTORS C BELL 27,333 J O'REILLY 20,938 PDMRs M J NOBLE 10,383 M P O'KANE 2,542 ON THE MAKING OF THE AWARD, EACH OF THE DIRECTORS AND THE PDMRs CEASED TO BEINTERESTED IN 221,269 SHARES PREVIOUSLY HELD SUBJECT TO THE TERMS OF THE TRUSTWHICH WERE AWARDED TO OTHER EMPLOYEES. IN ADDITION TO EACH DIRECTORS AND THE PDMRs OWN INTEREST IN THE SHARES UNDER THEPLAN AS MENTIONED ABOVE, FOLLOWING THE AWARDS EACH OF THE EXECUTIVE DIRECTORS ISINTERESTED IN 341,985 SHARES HELD SUBJECT TO THE TERMS OF THE TRUST GENERALLYFOR THE BENEFIT OF EMPLOYEES. OPTIONS ISSUED BY THE TRUST IF EXERCISED IN FULLWOULD REQUIRE THE TRUST TO TRANSFER 313,946 SHARES TO EMPLOYEES. • CONDITIONAL RIGHTS OVER SHARES GRANTED UNDER THE PERFORMANCE SHARE PLAN ("PSP") IN 2003 BY REFERENCE TO THE COMPANY'S PERFORMANCE OVER THE THREE YEAR PERIOD ENDED 31 DECEMBER 2005 VESTED ON 24 FEBRUARY 2006 FOR THE DIRECTORS AS FOLLOWS: NAME NO OF SHARES VESTED NO. OF SHARES OVER WHICH RIGHTS HAVE LAPSED C BELL 198,318 41,053 J O'REILLY 109,837 22,737 A S ROSS 103,735 21,474 • ON 24 FEBRUARY 2006 THE DIRECTORS SOLD SHARES AT 369P PER SHARE (TO ACCOUNT FOR TAX PAYABLE ON THE ABOVE VESTINGS) AS FOLLOWS: NAME NO. OF SHARES SOLD C BELL 81,311J O'REILLY 45,034A S ROSS 42,532 • CONDITIONAL RIGHTS TO RECEIVE UP TO A SPECIFIED MAXIMUM NUMBER OF SHARES WERE GRANTED ON 24 FEBRUARY 2006 UNDER THE PSP BY REFERENCE TO THE COMPANY'S PERFORMANCE OVER THE THREE YEAR PERIOD ENDING 31 DECEMBER 2008 TO THE DIRECTORS AND PDMRs OF THE COMPANY AS FOLLOWS: NAME MAXIMUM NO. OF SHARES OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GRANTED DIRECTORS C BELL 194,117 J O'REILLY 105,882 A S ROSS 91,764 R P THORNE 123,529 PDMRs M J NOBLE 38,919 M P O'KANE 58,235 FOLLOWING THESE TRANSACTIONS: • MR BELL IS BENEFICIALLY INTERESTED IN 244,602 SHARES, HAS A TOTAL INTEREST UNDER THE PLAN IN 186,719 SHARES, HAS AN INTEREST IN A MAXIMUM TOTAL OF 580,707 SHARES UNDER THE PSP OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GRANTED. • MR O'REILLY IS BENEFICIALLY INTERESTED IN 90,179 SHARES, HAS A TOTAL INTEREST UNDER THE PLAN IN 58,132 SHARES, HAS AN INTEREST IN A MAXIMUM TOTAL OF 305,559 SHARES UNDER THE PSP OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GUARANTEED. • MR ROSS IS BENEFICIALLY INTERESTED IN 88,649 SHARES, HAS AN INTEREST IN A MAXIMUM TOTAL OF 278,551 SHARES UNDER THE PSP OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GRANTED. • MS THORNE HAS AN INTEREST IN A MAXIMUM TOTAL OF 123,529 SHARES UNDER THE PSP OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GRANTED. • MR NOBLE HAS A TOTAL INTEREST UNDER THE PLAN IN 31,387 SHARES, HAS AN INTEREST IN A MAXIMUM TOTAL OF 38,919 SHARES UNDER THE PSP OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GRANTED. • MR O'KANE HAS A TOTAL INTEREST UNDER THE PLAN IN 38,318 SHARES, HAS AN INTEREST IN A MAXIMUM TOTAL OF 58,235 SHARES UNDER THE PSP OVER WHICH CONDITIONAL RIGHTS HAVE BEEN GRANTED. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ladbrokes Coral