26th Apr 2011 17:50
United Business Media Limited
Notification of transactions of directors
United Business Media Limited ("UBM") was notified on 26 April 2011 of the following dealings in its ordinary shares ("Shares") by executive directors of UBM.
1. Bonus Investment Plan
The executive directors invested in aggregate £366,502 of their bonus entitlements for the year ended 31 December 2010 to acquire an interest in Shares as listed below. The acquisition price, which under the rules of the BIP is the Share price at the start of 2010 (being the performance period in respect of which the bonus was earned), was 450.07 pence per Share. The executive directors will become entitled to receive the Deferred Bonus Shares after a period of 3 years, subject to their continued employment in the UBM group.
They may also become entitled to receive up to the maximum number of Matched Shares indicated below after a period of 3 years, subject to continued employment with the UBM group and to earnings per share ("EPS") growth targets being met. In order to receive the maximum number of Matched Shares, EPS must increase by an average of at least 10% per annum above UK inflation over the 3 year period.
Name of Deferred Bonus Matched Shares director shares David Levin 53,103 106,206 Robert Gray 28,328 56,656 2. Performance Share Plan
Awards were made to executive directors on 26 April 2011 under the Performance Share Plan ("PSP") as shown below. The number of Shares awarded was calculated by reference to a price of 592 pence per Share, being the average market value of Shares for the 3 trading days prior to the award. The executive directors will become entitled to receive the Shares after a period of 3 years, subject to continued employment with the UBM group and to the achievement of total shareholder return ("TSR") targets by reference to a comparator group. The number of Shares shown below represents the maximum that may be acquired, if UBM's TSR exceeds the median TSR of its comparator group by at least 10% per annum over the 3 year period.
Name of director No. of shares David Levin 157,412 Robert Gray 110,916
3. Total number of options held
The total number of options over Shares held by the executive directors following the above notification is as follows:-
David Levin - 1,415,881 (of which 480,217 have vested or are subject only to continued employment, and 935,664 are required to meet performance conditions).
Robert Gray - 363,407 (of which 52,919 are subject only to continued employment, and 310,488 are required to meet performance conditions).
Anne Siddell
Company Secretary
vendorRelated Shares:
UBM