9th Apr 2013 09:42
9 April 2013
AMEC plc (the 'Company')
Notification of Interests of Executive Directors and Other Persons Discharging Managerial Responsibility ('PDMRs')
Pursuant to our obligations under Disclosure Rule 3.1.4 (R), we hereby advise you that the Company has been notified of transactions carried out on 8 April 2013 in connection with the AMEC Performance Share Plan (the 'Plan').
The overall level of vesting of AMEC ordinary shares detailed below, awarded to executive directors and other PDMRs in 2010 as Restricted Shares, was 50 per cent reflecting the outcome against the performance conditions, in accordance with the rules of the Plan. An earnings per share performance condition applied to half this award and, as previously reported in our 2012 Directors' Remuneration Report, the outcome resulted in full vesting of this portion. The other half was subject to a total shareholder return performance condition measured to 31 March 2013 and the outcome resulted in zero vesting of this portion. The vested shares became free of restrictions, and the unvested portion has lapsed.
BWCI Trust Company Limited, as the Trustee of the Plan, sold shares at 1052 pence per share to meet the tax liability arising on vesting.
Shares vested | Shares lapsed | Shares sold to meet tax liability on vesting
| Shares retained
| |
Samir Brikho | 109,574 | 109,574 | 21,915 | 87,659 |
Ian McHoul | 60,909 | 60,910 | 28,628 | 32,281 |
Simon Naylor | 11,864 | 11,864 | 4,881 | 6,983 |
John Pearson | 12,958 | 12,959 | 6,091 | 6,867 |
Following the above transactions, the share interests of the directors and other PDMRs are as follows:-
Samir Brikho holds 1,894,682 ordinary shares in the Company (representing 0.64 per cent of the voting rights in the Company). He also has an interest in 600,520 Restricted Shares awarded under the Performance Share Plan and 1,335 shares under the Savings Related Share Option Scheme.
Ian McHoul holds 316,839 ordinary shares in the Company (representing 0.11 per cent of the voting rights in the Company). He also has an interest in 333,679 Restricted Shares awarded under the Performance Share Plan and 1,512 shares under the Savings Related Share Option Scheme.
Simon Naylor holds 76,261 ordinary shares in the Company (representing 0.03 per cent of the voting rights in the Company). He also has an interest in 153,731 Restricted Shares awarded under the Performance Share Plan and 1,335 shares awarded under the Savings Related Share Option Scheme.
John Pearson holds 34,999 ordinary shares in the Company (representing 0.01 per cent of the voting rights in the Company). He also has an interest in 142,356 Restricted Shares awarded under the Performance Share Plan.
K A Hand
Senior Assistant Company Secretary
Related Shares:
AMFW.L