10th Apr 2007 15:56
William Hill PLC10 April 2007 10 April 2007 WILLIAM HILL PLC NOTIFICATION OF INTERESTS OF DIRECTORS EXERCISE OF AWARDS AND SALE OF SHARES William Hill PLC ("the Company") announces that today, David Harding, ChiefExecutive, executive director of the Company, exercised an award over 385,000ordinary shares of 10p each in the Company ("Shares") under the William Hill PLCExecutive Director Incentive Plan and has sold all of these shares at a price of£ 648.5p per Share. The award was exercised for nil consideration. The above notification relates to a transaction notified in accordance with theDisclosure and Transparency Rules (rule 3.1.2R). The interests of David Harding in the Company's share schemes following theabove transaction are set out in the table below. Director Long-term Executive SAYE PSP 2004 Operating Incentive Plan Director (no. of Shares) (no. of Shares) Bonus Scheme (no. of Shares) Incentive Plan (no. of Shares) (no. of Shares) David 22,413** 15,000 - 261,325* 10,037Harding * This comprises a revised maximum of 87,413 Shares under the PSP 2005 and amaximum of 173,912 Shares under the PSP 2006. Under the rules of the PSPapplicable to 2005 awards, executive directors must hold Shares and/or vestedrights to acquire Shares under the Company's share schemes, equal to the maximumnumber of Shares under their 2005 Award. If an executive director's holding ofShares (including vested rights to acquire Shares) falls below the maximumentitlement, then their PSP 2005 award lapses on a pro rata basis. As a resultof the above notified transaction, the maximum number of Shares available toDavid Harding under his 2005 PSP has been reduced from 245,353 Shares to 87,413Shares. This feature does not apply to the 2006 PSP award and so it isunaffected by the transaction. ** The 2004 LTIP award related to a maximum of 81,508 Shares. When this awardvested on 17 March 2007, the operation of the corporate performance targetresulted in 22,413 Shares vesting. David Harding is entitled to call for theseShares until March 2014. In addition, David Harding is the beneficial owner of 50,000 Shares. Enquiries: Deborah Spencer, Brunswick, Tel: 0207 404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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