31st Dec 2009 11:37
TRANSACTIONS BY DIRECTORS AND PDMRS
DISCLOSURE PURSUANT TO DISCLOSURE AND TRANSPARENCY RULE 3.1.4R(1)(a)
UK SHARE INCENTIVE PLAN
The Company was notified on 31 December 2009 by HBOS Employee Equity Solutions, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 31 December 2009 in the Company's ordinary shares:-
(a) that 50,958 shares were purchased and allocated at £11.6268 per share using participating employees' gross salary ('Partnership Shares').
(b) that the Company matched the Partnership Shares purchased by employees and allocated a further 43,446 shares at £11.6268 per share ('Matching Shares'). The Company gives employees 2 Matching Shares for each Partnership Share bought by them up to a maximum of 6 Matching Shares per employee, each month.
The purchase, referred to above, was made pursuant to a regular standing order instruction with HBOS Employee Equity Solutions for the monthly purchase of Partnership Shares.
The interests of Executive Directors/PDMRs of the Company in the transactions were as follows:
|
Director/PDMR |
SIP Purchases |
Total holding following notification |
|
|
Number of Partnership Shares |
Number of Matching Shares |
||
|
Colin Hood Director |
11 |
6 |
56,775 |
|
Ian Marchant Director |
11 |
6 |
210,254 |
|
Alistair Phillips-Davies Director |
11 |
6 |
90,058 |
|
Gregor Alexander Director |
11 |
6 |
81,392 |
|
Mark Mathieson PDMR |
11 |
6 |
N/A |
|
Adrian Pike PDMR |
11 |
6 |
N/A |
|
Paul Smith PDMR |
11 |
6 |
N/A |
Related Shares:
SSE