29th Oct 2015 12:34
GKN PLC - Director/PDMR ShareholdingGKN PLC - Director/PDMR Shareholding
PR Newswire
London, October 29
Notification of transactions of Persons Discharging Managerial Responsibilities (“PDMRs”)
In accordance with DTR 3.1.4R (1), GKN plc (the “Company”) announces that on 28 October 2015 the following awards were granted over ordinary shares of 10p in the issued share capital of the Company (“Shares”) under the GKN Share Incentive and Retention Plan (“SIRP”) to the PDMRs set out below:
| PDMRs | Number of Shares Awarded |
| Kevin Cummings | 65,391 |
| Chris Fox | 39,150 |
| Peter Oberparleiter | 58,454 |
| Jos Sclater | 44,552 |
| Phil Swash | 57,563 |
The vesting of the SIRP awards will be based on the extent to which the Company’s profit before tax for the two year performance period is satisfied. Any shares that vest will be released after a further one year retention period. SIRP awards will vest subject to the Remuneration Committee being satisfied that this is justified by the underlying financial performance of the Group over the performance period. SIRP awards are subject to malus and clawback provisions.
No consideration was paid for the grant of the above SIRP awards and no payment is due on release of any Shares.
29 October 2015
London
Related Shares:
GKN PLC