18th Dec 2008 08:46
Imperial Tobacco Group PLC (the "Company")
Directors and Persons Discharging Managerial Responsibility ("PDMRs") Interests
Imperial Tobacco Group Long Term Incentive Plan ("LTIP")
Gareth Davis, Robert Dyrbus, Graham Blashill, Alison Cooper, Gary Aldridge, Matthew Phillips and Kathryn Turner (together, "the Directors and PDMRs").
Imperial Tobacco Group PLC was yesterday advised that the Trustees of the Company's Employee and Executive Benefit Trust ("the Trust") transferred ordinary shares of 10p each in the Company to seven participant Directors and PDMRs in the Company's Long Term Incentive Plan (the "LTIP") following the exercise of options granted on 25 November 2008 upon the satisfaction of the performance conditions.
These shares were previously contingent rights for each Director and PDMR.
|
Name |
Number of options exercised and shares acquired |
|
|
Directors |
||
|
Gareth Davis |
73,734 |
|
|
Robert Dyrbus |
35,094 |
|
|
Graham Blashill |
16,778 |
|
|
Alison Cooper |
9,926 |
|
|
PDMRs |
||
|
Gary Aldridge |
1,930 |
|
|
Matthew Phillips |
6,026 |
|
|
Kathryn Turner |
9,216 |
|
Imperial Tobacco Group PLC was yesterday also advised that the following Directors and PDMRs sold ordinary shares of 10p each in the Company, principally in order to satisfy their income tax and national insurance/social security liabilities arising on the exercise of options under the LTIP as detailed above and, in certain cases, to repay their personal financing taken out to enable them to take up their nil paid rights in full under the Company's June 2008 rights issue.
The respective sales are detailed below: -
|
Name |
Date sold |
Price per share (pence sterling)
|
Number Sold |
|
Gareth Davis |
17 December 2008 |
1658.4 |
73,734 |
|
Robert Dyrbus |
17 December 2008 |
1658.4 |
35,094 |
|
Graham Blashill |
17 December 2008 |
1658.4 |
16,778 |
|
Alison Cooper |
17 December 2008 |
1658.4 |
9,926 |
|
Matthew Phillips |
17 December 2008 |
1658.4 |
2,484 |
|
Kathryn Turner |
17 December 2008 |
1658.4 |
9,216 |
Imperial Tobacco Group PLC was yesterday further advised that the Trustees of the Company's Employee and Executive Benefit Trust ("the Trust") have purchased the following shares on behalf of the Directors under the Annual Bonus Plan.
Under the current terms of the Annual Bonus Plan, for the Chief Executive and Finance Director any bonus earned up to 100 per cent of base salary and 75 per cent for other Executive Directors is paid in cash. Any bonus payable in excess of these levels is paid in shares which the director is required to retain for a minimum of three years. In respect of the performance to 30 September 2008, for the Chief Executive and Finance Director this represents 12.8 per cent of salary and for the other Executive Directors 15.1 per cent of salary. These shares are not eligible for investment in the Company's Share Matching Scheme.
|
Name |
Date Acquired |
Price per share (pence sterling)
|
Number Acquired |
|
Gareth Davis |
17 December 2008 |
1655.5 |
4,240 |
|
Robert Dyrbus |
17 December 2008 |
1655.5 |
2,597 |
|
Graham Blashill |
17 December 2008 |
1655.5 |
2,238 |
|
Alison Cooper |
17 December 2008 |
1655.5 |
2,265 |
Following all of the above, the Directors' current shareholdings are:-
|
Name |
Shares Held
|
|
Gareth Davis |
614,540 |
|
Robert Dyrbus |
396,404 |
|
Graham Blashill |
152,092 |
|
Alison Cooper |
106,893 |
Trevor Williams
Deputy Company Secretary
Copies of our announcements are available on our website www.imperial-tobacco.com.
Related Shares:
Imperial Brands