14th Nov 2005 12:04
Punch Taverns PLC14 November 2005 14 November 2005 Punch Taverns plc ("the Company") Notification of Interests of Directors and those employees having managerial responsibility. On 10 November 2005 in accordance with the rules of the Punch Taverns plcDeferred Share Bonus Plan, the following Executive Directors and employeeshaving managerial responsibility were issued ordinary shares in the Company andthe Remuneration Committee has granted the following conditional share awards:- Number of Bonus Number of Deferred Bonus Shares Issued Shares Awarded Adrian Fawcett 1991 3375Neil Griffiths 768 1302Deborah Kemp 597 1011Robert McDonald 2333 3954Francis Patton 727 1232Jonathan Paveley 1708 2895Neil Preston 750 1271Andrew Thompson 617 1045Giles Thorley 3806 6451Bill Walker 640 1085 The number of shares issued and awards granted were calculated on a price pershare of 746 pence (the closing market price on 10 November 2005). The release of the Deferred Bonus Shares is subject to minimum earnings pershare growth of the Company of RPI + 5% p.a. in respect of the three year periodfrom the date of grant and that each participant retains his or her Bonus Sharesfor three years (in the case of the awards detailed here, until 9 November2008). Neil PrestonCompany SecretaryPunch Taverns plc01283 501751 14 November 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Punch Taverns PLC