30th Oct 2009 13:02
Notification of interests of directors/persons discharging managerial responsibility and connected persons ("PDMRs")
30 October 2009
Friends Provident Group plc (the "Company") announces that, on 30 October 2009, options and awards under certain Friends Provident plc share schemes and the Company's share schemes became exercisable on Court sanction of the Scheme of Arrangement for the acquisition of the Company by Resolution Limited.
On 30 October 2009, the Company received notifications from PDMRs that they have each acquired shares as follows:
The balance of a nil cost deferred share award without performance conditions, which was granted to Trevor Matthews on 17 March 2009 under the terms of the Friends Provident plc Deferred Share Award Plan 2008 as compensation for the loss of long-term incentive arrangements with his previous employer, automatically vested and was exercised in accordance with the rules of the plan. As a result, 498,961 shares of 5 pence each in the Company have been transferred to Trevor Matthews.
A nil cost deferred share award without performance conditions, granted to Evelyn Bourke on 1 September 2009 under the terms of the Friends Provident Group Deferred Share Award Plan 2009 as compensation for the loss of long-term incentive arrangements with her previous employer, also automatically vested and was exercised in accordance with the rules of the plan. As a result, 315,224 ordinary shares of 5 pence each in the Company have been transferred to Evelyn Bourke. Following this transaction, Evelyn Bourke has a total beneficial interest in 315,224 ordinary shares in the Company.
A nil cost share award of up to 4,582,416 ordinary shares of 5 pence each in the Company, which was granted to Trevor Matthews on 17 March 2009 under the terms of the Friends Provident plc Turnaround Plan, vested in part and was exercised in accordance with the rules of the plan. As a result, 1,145,604 shares of 5 pence each in the Company have been transferred to Trevor Matthews.
In addition, on 30 October 2009, the Company received notifications from the following persons discharging managerial responsibilities that they have each acquired 4,021 ordinary shares in the Company at a cost of 75.82 pence per share following exercise of options under the Friends Provident Inland Revenue Approved Sharesave Scheme:
|
Name |
Total number of shares held following the above transactions |
|
Nick Boakes |
19,455 |
|
Richard Crouch |
6,814 |
|
Gordon Ellis |
30,525 |
|
Trevor Matthews |
2,664,934 |
The notification of these transactions is made pursuant to Disclosure Rule DR 3.1.4 R(1)(a) and is also deemed to be disclosure made in accordance with Section 793 of the Companies Act 2006 where appropriate.
Enquiries:
Vanessa Neill, Finsbury +44 (0)207 073 6269
Nick Boakes, Director Corporate Communications +44 (0)845 641 7814
Chris Ford, Investor Relations Manager +44 (0)845 641 7832
Related Shares:
Fondul Proprietatea