10th Mar 2008 17:12
Marshalls PLC10 March 2008 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS This announcement is a direct replacement for 7667P issued at 4:21 pm today. The"total beneficial shareholding following this announcement" column has beenchanged for Ian Burrell and David Sarti. On 10 March 2008 Marshalls plc was notified that, on that date, Marshalls EBTLimited, the Trustee of the Marshalls plc 2005 Employee Benefit Trust, purchased165,000 ordinary shares of 25 pence each in the Company at a price of 248.83pence per share on behalf of Directors and Senior Executives who areparticipating in the Marshalls plc 2005 Long Term Incentive Plan (the LTIP). Under the rules of the LTIP Directors and Senior Executives undertake to use apercentage of their bonus to purchase shares in the Company (Investment Shares)and, in return, are granted a Matching Share Award of Shares. Directors and Senior Executives have irrevocably committed to use a fixed sum ofmoney payable from their 2007 bonus to purchase Investment Shares and theCompany has granted them Matching Share Awards over such number of shares thatequals two times the number of shares that the Directors and Senior Executivescould have bought had the investment of his or her bonus been made on a pre-taxbasis. To be eligible to receive the Matching Share Award, the Directors and SeniorExecutives must leave their Investment Shares in the Trust and remain inemployment for a period of three years from the date of grant of the MatchingShare Award. The actual number of shares transferred to a Director or SeniorExecutive on the vesting of the Matching Share Award will depend on the extentto which a corporate performance target (which relates to growth in theCompany's earnings per share) is satisfied over the three year vesting period.Full details of the LTIP are provided in the Report on Directors' Remunerationin the Marshalls plc 2006 Annual Report. The following Directors and Senior Executives (being persons dischargingmanagerial responsibilities (PDMRs)) acquired interests in shares under theLTIP as follows: Director Number of Total Number of Investment beneficial shares granted Shares shareholding under Matching purchased following this Share Award announcementGraham Holden 69,559 368,994 235,791Ian Burrell 38,440 108,457 130,305David Sarti 38,440 107,586 130,305 PDMRChristopherHarrop 1,307 4,344 4,430Kevin Hull 1,608 4,581 5,449 The Directors of Marshalls EBT Limited are David Graham Holden and Ian DavidBurrell who are Directors of the Company. David Graham Holden, Ian David Burrell and David Neil Sarti as Directors andChristopher Harrop and Kevin Hull as PDMRs are amongst the potentialbeneficiaries of the Trust and are regarded for Companies Act purposes as beinginterested in all the Marshalls plc ordinary shares held by the Trust, althoughthe shares held by the Trust are also held for the benefit of other employees ofthe Company. Despite the technical interest in the shares, the Directors andPDMRs will only be entitled to receive that number of shares to which they wouldbe entitled on exercise of an award or option which has been granted to them. Enquiries: Elizabeth Blease, Company Secretary, Marshalls plc, 01484 438900 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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