23rd Apr 2010 17:22
Meggitt PLC
Notification of Transaction of Person Discharging Managerial Responsibility
Dr Phillip Andrew Lewis (PDMR)
On 22 April 2010, 37,927 equity-settled share appreciation rights granted to Dr P Lewis (PDMR) in 2006 were exercised at a base price of 263.67p. Dr Lewis was entitled to receive 5,532 shares in settlement of his award (calculated by reference to the MMQ of 308.7 pence on 22 April 2010). Sufficient of these shares were sold on 23 April 2010 at 317.5p to discharge income tax and NIC liabilities (and the costs of sale), being 2,760 shares. The remaining 2,772 shares were retained by Dr Lewis.
On 23 April 2010, 11,377 shares under option granted to Dr P Lewis (PDMR) in 2006 were exercised at an option price of 263.67p. Sufficient of these shares were sold at a price of 310.9 pence to cover the costs of purchasing the shares under option, being 9,707 shares. The remaining 1,670 shares were retained by Dr Lewis.
As a result of the above transactions, Dr Lewis's holding in the Company has increased to 25,383 ordinary shares of 5p each, 0.004% of issued share capital.
For queries please contact:
Marina Thomas
Assistant Company Secretary
Meggitt PLC
01202597588
23 April 2010
Related Shares:
MGGT.L