19th Jan 2010 14:30
Date 19 January 2010
Southern Cross Healthcare Group PLC
Ordinary shares of 1p each
Southern Cross Healthcare Group PLC ('the Company') announces that on 18 January 2010 it granted awards in the UK for nil consideration over 1,735,903 shares (0.92% of issued share capital) under the Southern Cross Healthcare Group 2006 Performance Share Plan ("PSP") including the tax efficient Approved Section ("AS").
Pursuant to DR 3.1.4 and following notifications received today in fulfilment of the obligations imposed by DR 3.1.2 we hereby announce that the following awards have been granted to PDMRs.
|
PDMR |
Plan |
Current Award |
Existing Award |
Total Number of Shares over which awards now held |
|
Jamie Buchan |
PSP AS1 Options |
353,618 19,737 |
3,000,000 |
353,618 19,737 3,000,000 |
|
Richard Midmer |
PSP AS1 Options |
189,967 19,737 |
2,500,000 |
189,967 19,737 2,500,000 |
|
Phil Whitaker |
PSP AS1 |
70,559 |
221,739 23,622 |
292,298 23,622 |
|
Pam Finnis |
PSP AS1 |
64,145 |
131,755 23,622 |
195,900 23,622 |
|
Michael MacIntosh |
PSP AS1 |
56,743 |
120,000 23,622 |
176,743 23,622 |
|
Mark Cash |
PSP AS1 |
74,013 |
130,000 23,622 |
204,013 23,622 |
|
Patricia Williamson |
PSP AS1 |
74,013 |
150,000 21,897 |
224,013 21,897 |
|
Janette Malham |
PSP AS1 |
91,480 |
239,130 23,622 |
330,610 23,622 |
|
David Smith |
PSP AS1 |
66,612 |
221,739 23,622 |
288,351 23,622 |
|
William McLeish |
PSP AS1 |
25,329 |
82,391 23,622 |
107,720 23,622 |
The awards take the form of options, being an option under the performance share plan, with a nil exercise price, together with an option under the approved section at an exercise price of £1.52 per share, to acquire shares in the future, subject to the performance condition being achieved.
The performance condition relates to Adjusted EPS for the financial year ending on 30 September 2012. Subject to the rules of the PSP including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the awards is 18 January 2013.
William D. McLeish
Company Secretary
01325 351100
1 At the time of vesting, to the extent that there is a gain on the option granted under the Approved Section, PSP
options will be forfeited to the same value.
Related Shares:
-3x Short China