26th Mar 2008 07:00
United Business Media plc
Notification of transactions of directors
United Business Media plc ("UBM") was notified on 20th March 2008 of the following dealings in its ordinary shares of 33 71/88 pence ("Shares") by executive directors of UBM. All dealings took place on 20th March 2008:-
1. Bonus Investment Plan
The executive directors invested in aggregate ‚£563,053 of their bonus entitlements for the year ended 31 December 2007 to acquire an interest in Shares as listed below. The acquisition price was 696.18 pence per Share for the Automatic deferral and 505.83 pence per Share for the elected deferral. The executive directors will become entitled to receive the 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 shown below, subject to earnings per share growth targets being met.
Name of BIP automatic BIP elected No. of matched BIP
director deferral deferral shares David Levin 26,696 31,631 116,654 Nigel Wilson 15,599 21,469 74,136 2. Performance Share Plan
Awards were made to executive directors under the Performance Share Plan as shown below. 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 targets by reference to a comparator group. The number of Shares shown below represents the maximum that may be acquired, if UBM achieves top decile total shareholder return in its comparator group.
Name of director No. of shares David Levin 89,431 Nigel Wilson 64,700
3. Executive Share Option Scheme
Options over Shares were granted to executive directors as shown below:-
Name of director No. of shares Exercise price David Levin 327,914 505.83 pence Nigel Wilson 237,231 505.83 pence
No money was paid for the grant of the options. The option exercise price is the average of the closing mid market price of Shares on 17th, 18th and 19th March 2008.
The options will be exercisable between 20th March 2011 and 20th March 2018, subject to the individuals' continued employment with the UBM group and to the fulfilment of eps based performance conditions.
4. Restricted share awards
An award of 43,492 shares was made to Nigel Wilson. He will be entitled to receive these shares on 20th March 2010, subject to his continued employment with the UBM group.
5. Total number of shares under option
The total number of shares over which options are held by the executive directors (including the deferred shares for which Directors have sacrificed bonus) following the above notification is as follows:-
David Levin 1,302,947Nigel Wilson 1,082,945Anne SiddellCompany Secretary
UNITED BUSINESS MEDIA PLCRelated Shares:
UBM