17th Feb 2009 13:00
Shaftesbury PLC
Director Shareholding
Shaftesbury PLC announces that on 16 February 2009, the following transactions were completed following the exercise by certain Directors of nil cost options awarded under the Company's Long Term Incentive Plan ("LTIP") and the sale of sufficient shares to meet income tax and national insurance liabilities. As referred to in the Remuneration Report in the 2008 Annual Report, for awards made under the LTIP on 15 February 2006, the performance period of 1 October 2005 to 30 September 2008 has now ended. The performance criteria were met as follows: the TSR performance condition was met in full and 50% of the award vested. The NAV performance condition has not been met and therefore none of the remainder vested. Overall 50% of the award vested on 15 February 2009.
The changes in Directors' shareholdings resulting from these transactions are summarised below:
|
J S Lane |
B Bickell |
S J Quayle |
T J C Welton |
|
|
Ordinary Shares over which nil cost options exercised |
33,075 |
23,348 |
22,375 |
20,915 |
|
Ordinary Shares Sold |
13,609 |
9,607 |
9,207 |
8,606 |
|
Net Increase In Holding |
19,466 |
13,741 |
13,168 |
12,309 |
|
Revised Holding |
525,988 |
403,479 |
397,391 |
283,660 |
The Ordinary Shares were sold at an average price of £2.966493 per share.
Penny Thomas
Company Secretary
17 February 2009
Telephone 020 7333 8118
Related Shares:
SHB.L