5th Mar 2007 16:32
Punch Taverns PLC05 March 2007 Punch Taverns plc (the "Company")5 March 2007 NOTIFICATION OF DIRECTOR / PDMR SHAREHOLDING LONG TERM INCENTIVE PLAN (the "LTIP") The Company announces the release of conditional share awards granted on 2 March2004 under the Company's LTIP to its Executive Directors and Persons DischargingManagerial Responsibilities ("PDMRs"). The Company has achieved upper quartile total shareholder return performancewhen measured against the designated comparator group over the three yearperformance period. Therefore in accordance with the rules of the LTIP 100% ofthe shares subject to the awards have been released. Accordingly on 2 March 2007the Executive Directors and PDMRs listed below became the legal and beneficialowners of the following Ordinary shares of the Company: Executive Directors Number of Ordinary shares Giles Thorley 126,711Robert McDonald 36,644Adrian Fawcett 34,715 PDMRsNeil Griffiths 7,907Francis Patton 14,754Neil Preston 13,826 TOTAL 234,557 The release of these Ordinary shares has resulted in a personal tax liabilitybased on the value on their release. On 2 March 2007 the Executive Director and PDMR listed below disposed of thefollowing Ordinary shares of the Company at a price of £11.10 per share and paidthe tax due on release from the sale proceeds. Executive Director Number of Ordinary shares Adrian Fawcett 34,715 PDMRNeil Preston 11,826TOTAL 46,541 On 5 March 2007 the Executive Directors and PDMRs listed below disposed of thefollowing Ordinary shares of the Company at a price of £10.86 per share for thesole purpose of paying the tax due on release of the awards. Executive Directors Number of Ordinary shares Giles Thorley 53,361Robert McDonald 15,432 PDMRsNeil Griffiths 3,330Francis Patton 6,214TOTAL 78,337 SHARE OPTIONS On 2 March 2007 the Executive Director and PDMR listed below exercised theiroptions to purchase the following Ordinary shares in the capital of the Company,granted on 2 March 2004 at a price of £5.19 per share pursuant to the Company'sexecutive share option scheme. Executive Director Number of Ordinary shares Adrian Fawcett 69,431 PDMRNeil Preston 4,608TOTAL 74,039 On 2 March 2007, the Executive Director and PDMR listed below disposed of thefollowing Ordinary shares of the Company at a price of £11.10 pence per share. Executive Director Number of Ordinary shares Adrian Fawcett 69,431 PDMRNeil Preston 3,167TOTAL 72,598 INTERESTS As a result of the above transactions the Executive Directors and PDMRs listedbelow now have the following interests in the Ordinary share capital of theCompany: Executive Ordinary shares in the Options held over Directors the Company Ordinary shares in Company Giles 231,821 2,127,247ThorleyRobert 92,572 146,981McDonaldAdrian 10,395 120,279Fawcett PDMRsNeil 27,035 42,467GriffithsFrancis 23,184 75,339PattonNeil 7,105 30,215Preston The issued share capital of Punch Taverns plc is now 265,646,680 Ordinary shares of 0.04786p each. Date of Notification: 5 March 2007 Name of contact and telephone number for queries: Claire StewartAssistant Company SecretaryPunch Taverns plcTel: 01283 501 858 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Punch Taverns PLC