22nd Mar 2017 17:40
Meggitt PLC
Director/PDMR Shareholdings
Stephen Young (Chief Executive - Director/PDMR)
On 22 March 2017, Mr Young exercised a stock-settled share appreciation right award (SARs) that was due to expire on 28 March 2017 under the rules of the 2005 Executive Share Option Scheme. Mr S Young sold enough shares to cover tax and costs, and transferred the remainder to his spouse, Mrs C Young:
Type of award | Grant Date | Award price | Shares under award | SARs exercise price*
| Shares to satisfy the award | Total shares sold £4.4180 | Total shares transferred |
SAR | 29/03/2007 | £2.9900 | 192,642 | £4.4760 | 63,955 | 30,120 | 33,835 |
\* The price used to determine the number of shares to satisfy the award
As a result of these transactions, the shareholding of Stephen Young has increased to 672,433 ordinary shares (0.09% of issued share capital).
Philip Green (Executive Director, Commercial & Corporate Affairs- Director/PDMR)
On 22 March 2017, Mr Green exercised a share option (Option) that was due to expire on 28 March 2017 under the rules of the 2005 Executive Share Option Scheme and sold all of the shares:
Type of award | Grant Date | Option price | Shares under option | Shares exercised | Total shares sold £4.4180 |
Option | 29/03/2007 | £2.9900 | 2,759 | 2,759 | 2,759 |
As a result of this transaction, the shareholding of Philip Green remained unchanged at 573,018 ordinary shares (0.07% of issued share capital).
Date: 22 March 2017
Enquiries:
Meggitt PLC +44(0)1202 597597
Marina Thomas, Senior Vice President & Group Company Secretary ([email protected])
Simon Grant, Company Secretarial Assistant ([email protected])
Legal Entity Identifier (LEI): YMFO3TKB4UAWQTDZJJ31
Related Shares:
MGGT.L