12th Mar 2012 07:00
John Menzies plc - Director/ PDMR Shareholding
12 March 2012
2009 Performance Share Plan (2009 Plan)
Awards made in June 2009 under the Company's 2009 Plan vested on 9 March 2012(following full satisfaction of the performance criteria) and the followingDirectors have been allocated ordinary shares of 25p each in the Company("ordinary shares") from the John Menzies Employee Benefit Trusts. The numberof shares allocated has been reduced as part of arrangements under which theCompany will settle some of the PAYE liability arising as a result of theawards. The table below shows the gross amount of the award, the PAYEadjustment in the gross amount of the shares awarded and the net amount ofshares allocated.Name Shares PAYE Net shares Adjustment allocated Awarded Paul Dollman 450,000 78,000 372,000 Craig Smyth 450,000 78,000 372,000 David McIntosh 337,500 61,113 276,387
On 9 March, the following Directors disposed of shares as follows:
Name Number of Share Price Resultant Resultant beneficial Shares sold beneficial shareholding as % of holding salary Paul Dollman 272,000 £5.75 180,000 317% Craig Smyth 272,000 £5.75 143,468 272% David 209,387 £5.75 91,227 196%McIntosh
2007 Divisional Performance Share Plan
Awards made in June 2009 under the Company's 2007 Divisional Performance Share Plan vested on 9 March (following partial satisfaction of the performance criteria) and the following PDMR has today been allocated ordinary shares from Treasury. The number of shares allocated has been reduced as part of arrangements under which the Company will settle some of the PAYE liability arising as a result of the awards. The table below shows the gross amount of the award, the PAYE adjustment in the gross amount of the shares awarded and the net amount of shares allocated.
Name Shares PAYE Net Shares awarded Adjustment allotted John Geddes 46,750 24,310 22,440
On 9 March, the following PDMR disposed of shares as follows:
Name Number of Share Price Resultant Shares sold beneficial holding John Geddes 20,000 £5.75 7,384
2005 Bonus Co-investment Plan
An award made in June 2009 to David McIntosh, a Director, under the Company's 2005 Bonus Co-investment Plan vested 9 March (following full satisfaction of the performance criteria) and he has been allocated 8,698 ordinary shares from Treasury. The number of shares allocated has been reduced by 4,523 shares as part of arrangements under which the Company will settle the PAYE liability arising as a result of the award. The net amount of shares allocated is 4,175 shares
2000 Executive Share Option Scheme
An option of 100,000 ordinary shares granted at an exercise price of £3.29 to Paul Dollman, a Director, in November 2002 under the Company's Executive Share Option Scheme was exercised on 9 March (following full satisfaction of the performance criteria) and these shares were sold the same day at a price of £ 5.75 per share.
For further information please contact:
John Geddes, Group Company Secretary, John Menzies plc 0131 459 8180
Jonathon Brill/Caroline Stewart, FTI Consulting 020 7831 3113
XLONRelated Shares:
MNZS.L