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Director/PDMR Shareholding

6th Aug 2015 17:30

RNS Number : 3446V
PZ CUSSONS PLC
06 August 2015
 



 

6 August 2015

 

PZ Cussons Plc (the 'Company')

 

Performance Share Plan - release of shares

The Company announces that on 5 August 2015 ordinary shares of 1p each in the Company were transferred to the following Executive Directors and persons discharging managerial responsibility ('PDMRs') by the Paterson Zochonis Employee Trust ('the Trust') in relation to awards made in 2012 under the Company's Performance Share Plan ('PSP'). The shares have been held in trust for three years and, the performance conditions relating to the awards having been partially achieved, have been released in accordance with the rules of the PSP.

 

UK residents pay tax and National Insurance at the time the shares are transferred. On 5 August 2015 the Executive Directors and PDMRs sold the number of shares listed below back to the Trust for a price of £3.446 per share to discharge their tax obligations arising from the release of the shares.

 

Executive Director

Number of shares awarded under the PSP

Number of shares sold to discharge tax liability

Total shares released to certificate

 

Number of shares held in the Company following the award

Total beneficial interest

Mr G A Kanellis

53,193

25,001

28,192

709,891

0.16%

Mr C G Davis

33,800

15,886

17,914

341,591

0.08%

Mr B H Leigh

33,246

15,626

17,620

145,917

0.03%

Other PDMRs

Number of shares awarded under the PSP

Number of shares sold to discharge tax liability

Total shares released to certificate

 

Number of shares held in the Company following the award

Total beneficial interest

Mr T Perman

18,278

8,591

9,687

9,687

0.002%

Mr S Plant

7,683

3,611

4,072

28,817

0.006%

Mr G Kostianis

10,656

5,008

5,648

55,648

0.01%

On the same day, Mr Kostianis sold 5,648 ordinary shares to the Trust for a consideration of £3.446 per share with the result that he now holds 50,000 ordinary shares (0.01% of the shares in issue).

 The Trust is a discretionary trust under which the class of beneficiaries who may benefit comprises all bona fide employees and former employees of the Company and its subsidiaries including members of such employees' and former employees' immediate families. Accordingly, the Executive Directors and PDMRs of the Company are included in the class of beneficiaries and are deemed to have an interest in all of such shares. Subsequent to the above dealings, the Trust's holding in the ordinary shares of 1p in the Company is 9,336,534 shares (2.18%).

 

Name of contact and telephone number for queries:

Sam Plant

Company Secretary

PZ Cussons Plc

(T) (00) 44 (0)161 435 1000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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