5th Mar 2007 17:32
Davis Service Group PLC05 March 2007 The Davis Service Group plc ("the Company") Notification of Interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") and connected persons The Company announces the following changes to the interests of Directors andPDMRs in the Company's ordinary shares of 30p each ("Shares"). On 5 March 2007 the Company granted the following share-based conditional awards("Awards") under the Davis Service Group Deferred Bonus Share Plan 2006 ("DBSP")and the Davis Service Group Performance Share Plan 2006 ("PSP"). Executive Directors DBSP Award PSP Award Total options and Shares already (number) (number) awards now held held (number) (number)Name Role I R Chief 8,177 63,513 221,408 76,583Dye Executive K Finance 4,770 38,692 119,780 5,000Quinn Director PDMRs DBSP Award PSP Award Total options and Shares already (number) (number) awards now held held (number) (number)Name Role S Managing 5,471 32,852 128,291 -Finch Director: Sunlight D A Company 3,427 25,551 122,292 24,107Lawler Secretary The DBSP Under the DBSP a percentage of a participant's annual bonus is deferred for twoyears into an Award over Shares. Awards granted under the DBSP will vest on 5March 2009, but only to the extent that the participant is still employed in theDavis Service Group at that time. Other than the application of a percentage ofthe annual bonus in the acquisition of Shares, no consideration is payable onthe grant or vesting of the Awards. To the extent that an Award vests, a participant will at that time be entitledto receive additional Shares of an amount equivalent to the dividends that wouldhave been paid on the Shares comprised in their Award over the vesting period. The PSP Awards granted under the PSP will vest on 5 March 2010, but only to the extentthat certain performance criteria based on total shareholder return and earningsper share are satisfied by the Company over a three year performance periodwhich commenced on 1 January 2007. No consideration is payable on the grant orvesting of the Awards. The notification of these Awards is intended to satisfy the Company'sobligations under Section 324 (as extended by Section 328) of the Companies Act1985 and Disclosure and Transparency Rule 3.1.4. David Lawler Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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