7th Sep 2009 10:42
7 September 2009
AMEC plc - DIRECTORS' DEALINGS PURSUANT TO THE COMPANY'S 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 dealings on 4 September 2009 by Directors and Persons Discharging Managerial Responsibility ("PDMRs") as follows:
As a consequence of the fulfilment of the Total Shareholder Return and growth in Earnings per Share performance conditions, in accordance with the rules of the Plan, the AMEC Ordinary Shares detailed below, awarded to Directors and PDMRs in 2006 as Restricted Shares, became fully vested and free of restrictions on 4 September 2009.
BWCI Trust Company Limited, as the Trustees of the Plan, sold shares at 738.5 pence per share on 4 September 2009 on behalf of the Director and PDMRs listed below to meet the tax liability arising on the vesting of the following awards:
|
Director
|
Shares Vesting
|
Shares Sold
|
Shares Retained
|
|
Mr N A Bruce
|
123,012
|
123,012
|
0*
|
* Mr Bruce sold the balance of 72,778 shares at 738.5 pence per share on 4 September 2009
|
PDMR
|
Shares Vesting
|
Shares Sold
|
Shares Retained
|
|
Mr R Jinks, President, Earth & Environmental
|
26,181
|
7,698
|
18,483
|
C L Fidler
Deputy Company Secretary
Related Shares:
AMFW.L