6th Mar 2018 16:08
Laird PLC
("the Company")
Director / PDMR shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The Company announces the following changes in the interests in ordinary shares of 28.125p of the Company of Mr Anthony J Quinlan, a Director.
As previously announced Mr Quinlan was granted conditional nil-cost options as part of a Buy Out Award (the "Award"). Parts 4 and 6 of the award were, subject to the testing of conditions, due to vest of 4 March 2018. The condition of Part 4 of the Award was continued employment and this Part vested on 4 March 2018. The performance condition of Part 6 of the Award was continued employment and other pre-determined performance conditions. As the other pre-determined performance conditions relating to Part 6 of the Award were not met Part 6 of the Award lapsed on 4 March 2018.
The following notification has been made to the Financial Conduct Authority in accordance with the requirements of the EU Market Abuse Regulation in respect of the above:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Mr A J Quinlan | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Executive Director and Chief Executive (PDMR)
| ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Laird PLC | ||||||
b)
| LEI
| 549300USVP6R8CB2V215 | ||||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| LAIRD PLC ORD 28.125P
GB00B1VNST91
| ||||||
b)
| Nature of the transactions
| (1) Automatic vesting of share awards under Part 4 of Buy-out Award; and (2) Sale of sufficient number of shares acquired to pay Income Tax and NIC | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
N/A | ||||||
e)
| Date of the transactions | 5 March 2018 | ||||||
f)
| Place of the transactions
| London Stock Exchange, main market (XLON) | ||||||
For further information contact:
Bill Warner
Deputy General Counsel and Company Secretary
Tel : 020 7468 4040
Related Shares:
Laird