15th Sep 2009 11:40
United Business Media Limited
Notification of transactions of director
United Business Media Limited ("UBM") was notified on 14 September 2009 of the following dealings in its ordinary shares ("Shares") by Robert Gray, Chief Financial Officer of UBM. All dealings took place on 14 September 2009:-
1. Performance Share Plan
An award of 103,943 Shares was made to Mr Gray under the Performance Share Plan. The number of Shares awarded was calculated by reference to a price of 481.03 pence per Share, being the average market value of Shares for the 3 trading days prior to the award. Mr Gray will become entitled to receive the Shares after a period of 3 years, subject to continued employment with the UBM group and to the achievement of total shareholder return ("TSR") targets by reference to a comparator group. The number of Shares awarded represents the maximum that may be acquired, if UBM's TSR exceeds the median TSR of its comparator group by at least 10% per annum over the 3 year period.
2. Restricted share award
An award of 20,788 shares was made to Mr Gray. The number of Shares awarded was calculated by reference to a price of 481.03 pence per Share, being the average market value of Shares for the 3 trading days prior to the award. Mr Gray will be entitled to receive these shares on 14 September 2011, subject to his continued employment with the UBM group.
3. Total number of awards held
Following the above dealings, Mr Gray holds awards over 124,731 Shares.
Anne Siddell
Company Secretary
vendorRelated Shares:
UBM