6th Aug 2008 16:01
6 August 2008
Directors' Interest
Cookson Group plc
In accordance with the rules of the Cookson Group Long-Term Incentive Plan (the "Plan") the allocation of 40,636 Performance Shares awarded to Mike Butterworth, Finance Director on 2 August 2005 vested on 5 August 2008.
The shares to satisfy the vesting of these awards were sourced from Cookson's Employee Share Ownership Trust. The Trustees arranged for 16,693 shares to be sold to meet Mr Butterworth's associated tax liability. As a result 16,693 shares were sold yesterday at 628.5p. The remaining 23,943 shares have been transferred into his own name.
As a result of the above vesting, the revised interests of Mr Butterworth in the shares of the Company are as follows:-
|
Total outstanding allocation of Performance Shares under the Long-Term Incentive Plan |
Total outstanding allocation of Matching Shares under the Long-Term Incentive Plan |
Current Shareholding |
|
|
M G Butterworth |
141,044 |
207,539 |
89,389 |
Cookson Group plc
165 Fleet Street
London EC4A 2AE
Tel: +44 (0) 20 7822 0000
Fax: +44 (0) 20 7822 0100
Web: www.cooksongroup.co.uk
Related Shares:
Vesuvius