17th Apr 2009 16:03
17 April 2009
Director/PDMR Shareholding: Disclosure and Transparency Rules 3.1.4R(1)(a)
|
1. |
The independent trustee of the Barclays Group (ESAS) Employees' Benefit Trust (the "ESAS Trust") notified Barclays PLC ("the Company") on 17 April 2009 that it had on 16 April 2009 exercised its discretion and released shares following provisional allocations made in previous years by the trustee over the Company's ordinary shares. Of these shares the following were released to directors and PDMRs of the Company: |
|
Directors/ PDMRS |
Shares released to Director/ PDMR |
Shares sold on behalf of Director/PDMR to satisfy withholding liabilities¹ |
Share price at award² (pence) |
Market price at date of release (pence) |
Shares retained by Director/ PDMR |
|
RE Diamond Jr |
4,260,538 |
0 |
510³ |
210 |
4,260,538 |
|
CG Lucas |
41,682 |
17,116 |
724 |
210 |
24,566 |
|
JS Varley |
48,172 |
19,781 |
491 |
210 |
28,391 |
|
2. |
The independent trustee of the ESAS Trust notified the Company on 16 April 2009 that it had on 15 April 2009 granted rights in the form of nil cost options to the directors and PDMRs of the Company listed below under the ESAS to acquire ordinary shares in the Company. The ESAS options are exercisable from grant until 21 February 2011 and are granted over a proportion of the shares which were provisionally allocated by the trustee under ESAS on 21 March 2006 to the directors and PDMRs listed below. |
The number of shares under option includes an additional number of shares which have been accrued in respect of dividends received by the trustee since March 2006. The total exercise price payable on any exercise of an ESAS option is £1.
Director Number of shares granted under option to Director/PDMR
JS Varley 100,924
The revised total shareholding for each director following these transactions is as follows:
|
Director |
Beneficial Holding |
|
RE Diamond Jr |
10,127,503 |
|
CG Lucas |
100,604 |
|
JS Varley |
621,657 |
¹ RE Diamond Jr paid for his tax and social security obligations from personal funds to cover the liability due on the release of shares by the ESAS Trust.
² The price shown reflects the average price paid by the independent trustee of the ESAS Trust to purchase ordinary shares to satisfy the award.
³ This is a weighted average price as the awards were made over a number of years.
Related Shares:
Barclays