30th Nov 2010 15:36
Fuller, Smith & Turner P.L.C. ("Fuller's" or the "Company")
Long Term Investment Plan ("LTIP")
Directors' and Persons Dispensing Managerial Responsibility ("PDMR")'s interests in ordinary shares of the Company
Fuller's granted an award to James Douglas (a Director) under its LTIP in November 2007. This award included both listed "A" ordinary shares of 40p each and unquoted "B" ordinary shares of 4p each. Half the shares granted were changed to restricted awards in March 2010. On 19 July 2010, the Company's Remuneration Committee determined that in accordance with the parameters of the Plan, 70 per cent of the initial awards would vest on the third anniversary of the grant.
James Douglas paid the tax on 50% of his original award in March from his own funds. The Trustee for the scheme has issued instructions to sell the shares detailed below to cover the tax due on the remaining 20% of the vested award.
`A' Ordinary Shares of 40p
NAME Granted Vested Restricted Balance To be New Shares Before sold Shares Granted Tax for tax to be & NI released (Nov 2010) James Douglas 7,680 5,376 3,840 1,536 960 576`B' Ordinary Shares of 4p NAME Granted Vested Restricted New Shares Shares to be Granted released (Nov 2010) James Douglas 19,200 13,440 9,600 3,840 Enquiries: Marie GracieCompany Secretary0208 996 207330 November 2010
FULLER SMITH & TURNER PLCRelated Shares:
Fuller Smith & Turner