30th Mar 2016 07:00
PENDRAGON PLC - Director/PDMR ShareholdingPENDRAGON PLC - Director/PDMR Shareholding
PR Newswire
London, March 29
30 MARCH 2016
Pendragon PLC (“the Company”)
Notification of Transactions of Directors and Connected Persons & Vesting of 2013 LTIP
In accordance with DTR 3.1.2R and section 793 of the Companies Act 2006, the Company announces that the following transactions took place in London over ordinary shares of 5 pence each in the Company (“Shares”):-
Director’s Transaction
The Company was notified on 30 March 2016 of the following director’s transaction:-
| Director or connected person | Nature of Transaction | Date Transferred | Shares Disposed or Acquired | Price per share or value of transaction: | Holding following transfer on 26.03.16: | Holding following transfer as a % of issued share capital on 26.03.16: |
| T P Holden | Off-market disposal of beneficial interest (inter-spouse transfer) | 26.03.16 | 1,076,712 | £nil | 50,303 | 0.003% |
| J Holden (connected person) | Off market acquisition of beneficial interest (inter-spouse transfer) | 26.03.16 | 1,076,712 | £nil | 1,076,712 | 0.07% |
Vesting of 2013 LTIP
In addition to the above Director’s transaction, the Company was notified on 30 March 2016 that each of the following executive directors have received Shares following the vesting of conditional share awards at nil cost on 29 March 2016. The awards were made to executive directors on 25 March 2013, under the Company’s Long Term Incentive Plan (“LTIP”) and have vested by operation of the conditional award and vesting process. The executive directors sold or retained vested Shares as detailed in the following table:-
| Director | Nature of Transaction | Shares Vested | Date Vested & Date sold | Shares Sold | Price sold at: | Shares retained by Director or connected person | Beneficial holding following LTIP vesting | Beneficial Holding following LTIP vesting as a % of issued share capital |
| T G Finn | Vesting of 2013 LTIP | 1,736,329 | 29.03.16 | 0 | n/a | 1,736,329 | 17,219,317 | 1.18% |
| M S Casha | Vesting of 2013 LTIP | 993,563 | 29.03.16 | 0 | n/a | 993,563 | 8,129,432 | 0.56% |
| H C Sykes | Vesting of 2013 LTIP | 482,309 | 29.03.16 | 482,309 | £0.3534 | 0 | 2,282,612 | 0.16% |
| T P Holden | Vesting of 2013 LTIP | 752,032 | 29.03.16 | 354,700 | £0.3534 | 397,332 | 1,524,347 | 0.10% |
Director’s Transactions
In addition to the above LTIP vesting, the Company was notified on 30 March 2016, that, on the 29 March 2016, the following director’s transaction took place in London over Shares through bed and ISA arrangements:-
| Director or connected person | Shares Sold | Average price sold at: | Shares acquired through personal ISAs or those of connected person: | Average price share acquired at: | Holding, following transaction | Holding as a % of issued share capital following transaction |
| T P Holden | 40,000 | £0.3517 | 40,000 | £0.3527 | 447,635 | 0.03% |
| J Holden (connected person) | 40,000 | £0.3521 | 40,000 | £0.3531 | 1,076,712 | 0.07% |
Following the vesting of the 2013 LTIP and the further directors’ transactions, the executive directors’ respective beneficial holdings in the Shares is as follows:-
| Director | Beneficial Holding | Beneficial Holding as a % of share capital |
| T G Finn | 17,219,317 | 1.18% |
| M S Casha | 8,129,432 | 0.56% |
| H C Sykes | 2,282,612 | 0.16% |
| T P Holden | 1,524,347 | 0.10% |
HILARY C SYKES
30 MARCH 2016
Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114
Tim Holden
RLM Finsbury Gordon Simpson Tel: 0207 2513801
-ENDS-
Related Shares:
PDG.L