25th Oct 2007 12:43
Vernalis PLC25 October 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS VERNALIS PLC WINNERSH, U.K 25th October 2007 Vernalis plc (LSE: VER) announces that,following a resolution by the Board of Vernalis plc passed in accordance withshare scheme arrangements approved by shareholders, the following options overnew ordinary shares of 5p each in the Company were today granted to ExecutiveDirectors and other Persons Discharging Managerial Responsibilities (PDMR's) whoare members of the UK management committee as part of a UK Company-wide grant ofshare options,. Executive No of shares Exercise Price % of Issued ShareDirector under option CapitalS Sturge 2,643,084 17p 0.84%J Slater 1,923,686 17p 0.61%A Weir 1,651,031 17p 0.53% PDMR No of shares Exercise Price % of Issued Share under option CapitalM Wood 894,277 17p 0.29%E Smith 737,434 17p 0.24%N Clark 660,388 17p 0.21% The options are exercisable between three and ten years following grant providedthe performance target, which measures share price growth against a bespokesector-specific group drawn from the constituents of FTSE All SharePharmaceutical and Biotechnology Index and the NASDAQ Biotechnology Index, hasbeen satisfied. No options will vest if performance is below median; 50 per centof the shares under option will vest at median and there will only be fullvesting if the Company's share price performance is in the upper quartile (withoptions vesting pro rata between median and upper quartile). Vernalis plc +44 (0) 118 977 3133Dr Peter Fellner, Executive Chairman Brunswick Group +44 (0) 20 7404 5959Jon ColesJustine McilroyAlex Tweed - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vernalis PLC