15th Apr 2009 16:10
John Wood Group PLC ("Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
In accordance with DTR 3.1.2R, the Company announces that as part of its retention strategy for Directors and key employees, the Company made awards on 14 April 2009 under the John Wood Group PLC (No1) 2003 Long Term Retention Plan ("LTRP"), to each of the Directors noted below. The awards were in the form of LTRP options in amounts set out below, such options being exercisable between the fourth and fifth anniversary of grant (i.e. exercisable for one year from 14 April 2013).
The LTRP is designed to align rewards to financial performance with an overall bonus pool calculated annually based on growth in the Group's adjusted diluted earnings per share in the prior year. The awards set out below come from the 2008 pool.
Directors:
Allister Gordon Langlands 40,000
Alan George Semple 40,000Leslie James Thomas 40,000Mark Harry Papworth 40,000Michael Straughen 40,000James Bryon Renfroe 40,000
The total number of LTRP options granted was 240,000 or 0.0454% of issued capital
The beneficial interests of each of the Directors named above in the shares of the Company after these grants are as follows:
Allister Gordon Langlands
Shares held 1,889,845 Long Term Incentive Scheme Awards 392,694
2,282,539 0.432% of issued capital Share Options
2002 (No 1) Executive Share Option Scheme 300,000 No 1 Scheme 2003 Long Term Retention Plan 40,000
Alan George Semple
Shares held 882,830 Long Term Incentive Scheme Awards 281,913
1,164,743 0.221% of issued capital Share Options
2002 (No 1) Executive Share Option Scheme 175,000 No 1 Scheme 2003 Long Term Retention Plan 40,000
Leslie James Thomas
ICW's 2005 Trust for Leslie James Thomas 100,000 Shares held 189,845 Long Term Incentive Scheme Awards 296,804
586,649 0.111% of issued capital Share Options
2002 (No 1) Executive Share Option Scheme 200,000 No 1 Scheme 2003 Long Term Retention Plan 90,000
Mark Harry Papworth
Shares held 118,278 Long Term Incentive Scheme Awards 359,818
478,096 0.090% of issued capital Share Options
No 1 Scheme 2003 Long Term Retention Plan 340,000
Michael StraughenShares held 23,055 0.004% of issued capital Share Options
No 1 Scheme 2003 Long Term Retention Plan 90,000
James Bryon RenfroeShares held 10,000 0.001% of issued capital Share Options
No 1 Scheme 2003 Long Term Retention Plan 40,000
The Company's issued capital consists of 527,836,720 ordinary shares with voting rights. The Company holds no shares in Treasury.
Name of authorised company official responsible for making this notification.
IAN JOHNSON, COMPANY SECRETARY
mapperRelated Shares:
Wood Group (J)