1st Apr 2008 14:46
Smith (DS) PLC01 April 2008 For immediate release 1 April 2008 D S Smith plc (the "Company") Notification of a dealing in the Company's shares by a director This notification is made pursuant to Disclosure and Transparency Rule 3.1.4. The Company announces the following dealing in the Company's ordinary shares of10p each ("Shares") by a director of the Company. On 1 April 2008 the Company granted a conditional award (the "Award") over143,404 Shares to Steve Dryden, the Company's new Group Finance Director whocommenced employment with the Company on 1 April 2008. The Award will normally vest over the following numbers of Shares on thefollowing dates provided Steve Dryden remains an employee or director: Normal date of vesting Number of Shares 1 March 2009 30,226 1 March 2010 38,504 1 March 2011 74,674 The Award was granted to Steve Dryden under Listing Rule 9.4.2R(2) to facilitatehis recruitment to the Company and to compensate him for awards held in hisprevious company. Further information regarding the Award will be disclosed inthe next annual report published by the Company. No consideration was paid for the grant of the Award and no consideration ispayable on the vesting of the Award. For and on behalf of D S Smith Plc Carolyn CattermoleCompany Secretary020 7932 5030 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Smith (DS)