8th Sep 2011 12:06
8 September 2011
AMEC plc - DIRECTOR'S DEALING
Performance Share Plan 2002 ("the Plan")
Pursuant to our obligations under Disclosure Rule 3.1.4, we hereby advise you that the Company has been notified of the following automatic vesting of shares today under the Plan, in accordance with the outcome against the performance conditions and as previously reported in our stock exchange announcement on 6 April 2011:
Director | Shares Vested | Shares Sold for Tax | Shares Retained |
Mr I P McHoul | 100,736 | 52,383 | 48,353 |
52,383 shares were sold at 899 pence per share in accordance with the Plan rules to meet the UK tax and National Insurance liabilities which arose on vesting and which the company is obliged to account for under the PAYE provisions.
Following this transaction, Mr McHoul holds 146,948 ordinary shares in the Company (representing 0.04% of the voting rights in the Company). Mr McHoul also has an interest in 401,423 Restricted Shares under the Performance Share Plan 2002, 160,181 shares awarded under the Transformation Incentive Plan and 1,512 shares under the Savings Related Share Option Scheme.
C L Fidler
Deputy Company Secretary
Related Shares:
AMFW.L