26th Jul 2007 16:03
Smith (DS) PLC26 July 2007 DS Smith Plc (the "Company") In pursuance of the Company's obligations under Section 329 of the Companies Act1985 and Disclosure Rule 3.1.4R (i)(a), the Company hereby notifies that thefollowing Directors' share transactions occurred on 26 July 2007. 1) The Directors listed below notified the Company on 26 July 2007 that, as aresult of being granted an award under the DS Smith Deferred Share Bonus Plan("the Bonus Plan"), they have each acquired a conditional right to receive thenumber of ordinary shares of 10p each of the Company ("Shares") listed below. The awards under the Bonus Plan referred to above will normally vest on thethird anniversary of the date of grant, being 26 July 2010. Director Date of Grant No. of Shares A D Thorne 26 July 2007 69,473G M Morris 26 July 2007 25,281 2) The Directors listed above also notified the Company on 26 July 2007 that, asa result of a purchase on 26 July 2007 by David S Smith Employee Benefit TrustLtd as the Trustees of the David S Smith Employee Benefit Trust (the "Trust") of94,754 Shares at 238.7p per Share, they should now be regarded as beinginterested in the Trust's total holding of 1,922,378 shares. With the exceptionof items referred to in 1) above, these interests arise merely because theDirectors are (together with other Group employees) potential beneficiaries ofthe Trust. 3) The Directors listed below notified the Company on 26 July 2007 that, as aresult of being granted awards under the DS Smith Long Term Incentive Plan (the"LTIP"), they have each acquired a conditional right to receive the number ofShares indicated below. The awards were granted by reference to the closing middle market quotation of aShare on 25 July 2007 of 238.25 pence, and operate subject to the conditions setout in the rules of the LTIP. They will normally vest, subject to thesatisfaction of performance conditions, on the third anniversary of the date ofgrant, being 26 July 2010.Director Date of Grant No. of Shares A D Thorne 26 July 2007 156,768G M Morris 26 July 2007 88,772 For and on behalf of DS Smith Plc Company Official Responsible for making this notification: Carolyn Cattermole,Company Secretary Date of this notification: 26 July 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Smith (DS)