19th Jul 2006 14:09
Fuller,Smith&Turner PLC19 July 2006 Fuller, Smith & Turner P.L.C. ("Fuller's" or the "Company") Long Term Investment Plan ("LTIP") Directors' and Senior Managers' interests in ordinary shares of the Company Fuller's granted awards to directors and employees under its LTIP in June 2003.These awards included both listed "A" ordinary shares of £1.00 each and unquoted"B" ordinary shares of 10p each. On 18 July 2006, the Company's RemunerationCommittee determined that in accordance with the parameters of the Plan, 50 percent of the initial awards would be vested in those employees entitled. Under the rules of the LTIP the shares allocated to directors and seniormanagers vest 18 July 2006. To facilitate the financing of the resultant taxliabilities, each allottee has sold in the market a proportion of the "A"ordinary shares so awarded today at 1241p per "A" ordinary share. In accordancewith the terms of the LTIP, where the resultant shares have been re-depositedwith the LTIP a further matching award has been granted. The table below sets out the entitlements of the following directors (denotedwith a *) and senior managers of the Company, as a consequence of today's vest,match and sale. "A" Ordinary £1.00 shares Director*/Senior Shares Granted Shares Released Sold for Tax/NI Re-deposited Matched ReleasedManager P A Clarke* 7637 5345 2673 0 0 2672S Emeny* 9388 6571 3286 3285 3285 0R J Roberts* 8090 5663 2832 2831 2831 0M J Turner* 11833 8283 4142 4141 4141 0T J M Turner* 7245 5071 2536 2535 2535 0A Bowen 2299 1609 805 804 804 0M Clist 2083 1458 729 729 729 0M Dally 3328 2329 1165 1164 1164 0R H F Fuller 3939 2757 1379 1378 1378 0M L Gracie 4975 3482 1741 1741 1741 0J Keeling 2988 2091 1046 1045 1045 0D Munro 3622 2535 1268 1267 1267 0 "B" Ordinary 10p shares Director*/Senior Shares Granted Shares Released Sold for Tax/NI Re-deposited Matched ReleasedManager P A Clarke* 19094 13365 0 0 0 13365S Emeny* 23471 16429 0 8214 8214 8215R J Roberts* 20226 14158 0 7079 7079 7079M J Turner* 29584 20708 0 10354 10354 10354T J M Turner* 18113 12679 0 6339 6339 6340A Bowen 5749 4024 0 2012 2012 2012M Clist 5207 3644 0 1822 1822 1822M Dally 8320 5824 0 2912 2912 2192R H F Fuller 9849 6894 0 3447 3447 3447M L Gracie 12437 8705 0 4352 4352 4352J Keeling 7471 5229 0 2614 2614 2615D Munro 9056 6339 0 3169 3169 3170 Enquiries: Fuller, Smith & Turner P.L.C.Marie Gracie, Company Secretary 07956 559285 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fuller Smith & Turner