1st Aug 2008 16:00
RNS Number
1 August 2008
Sepura plc
(the "Company")
Notification of transactions of directors, persons discharging managerial responsibilities or connected persons
[DTR 3.1.4R(1)(a)]
On 31 July 2008, the following inaugural awards ("LTIP Awards") over Ordinary shares of nominal value £0.0005 in the capital of the Company were made under the Sepura Long-Term Incentive Plan ("Plan") to certain Directors of the Company and other Persons Discharging Managerial Responsibility ("PDMRs") as follows:
|
Name of Executive Director |
Number of shares under the LTIP Award |
|
Stephen Crowther |
309,187 |
|
Name of other PDMRs Gordon Watling Jens Thostrup Malcolm Quelch Tim Woodruff |
Number of shares under the LTIP Award 300,353 220,848 194,346 220,848 |
No consideration was paid for the grant of an LTIP Award which is structured as a conditional award.
The vesting of an LTIP Award is ordinarily subject to continued employment of the participant and the satisfaction of certain challenging Company performance conditions set by the Remuneration Committee of the Board at the time of grant. An LTIP Award will normally vest on the third anniversary of grant, subject to the satisfaction of the said performance conditions.
The Company was informed of the above transactions relating to LTIP Awards on 31 July 2008.
Duly authorised officer responsible for making notification/contact and telephone number for queries:
Stephen Crowther, Chief Financial Officer & Company Secretary 01223 876 000
Date: 1 August 2008
END
Related Shares:
SEPU.L