7th Apr 2014 18:00
For immediate release
BERENDSEN PLC
(the "Company")
Notification of interests of Directors and Persons Discharging Managerial Responsibility ("PDMR")
The Company announces the following changes to the interests of Directors and PDMRs in the Company's ordinary shares of 30p each ("Shares").
The Berendsen Co-Investment Plan 2009
On 7 April 2014, the Company granted the following, share-based awards in the form of a nil cost option ("Matching Award"), under the terms of the Berendsen Co-Investment Plan 2009 ("CIP").
Executive Directors
Name | Role | Number of Shares comprised in the Matching Award
| |
P J Ventress | Chief Executive Officer | 74,532 | |
K Quinn | Chief Financial Officer | 45,992 | |
PDMRs
Name | Role | Number of Shares comprised in the Matching Award
| |
S R Finch | MD UK & Ireland Flat Linen | 41,364 | |
D A Lawler | Company Secretary | 32,396 | |
C Thrush | Group Director of HR | 27,460 | |
C Ellegaard | MD Facility | 44,536 | |
P L Havéus | MD Workwear | 44,536 | |
The grant of Matching Awards was linked to the number of Shares that a participant was willing to pledge to the CIP ("Investment Shares") and are subject to performance conditions.
Matching Awards were granted based on a maximum matching ratio of 2:1 - two 'matching' shares for every Investment Share pledged to the CIP. Investment Shares are Shares that are owned by the participant.
Matching Awards will vest on 7 April 2017, only to the extent that certain corporate performance conditions, based on earnings per share and return on invested capital, are satisfied over a performance period ending on 31 December 2016.
Following vesting and subject to the Company's share dealing code, Matching Awards can be exercised at any time during a period of four years.
The notification of these Matching Awards is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4(1).
David Lawler
Company Secretary
Related Shares:
Berendsen