4th Apr 2012 17:20
4 April 2012
AMEC plc - DIRECTORS' DEALINGS
Performance Share Plan ("the Plan")
Pursuant to our obligations under Disclosure Rule 3.1.4R(1), we hereby advise you that the Company has been notified today of transactions carried out on 3 April 2012 by Directors of AMEC plc, in connection with the Plan, as follows:
The overall level of vesting of AMEC Ordinary Shares detailed below, awarded to Directors in 2009 as Restricted Shares, was 71.5 per cent. This represented satisfaction of the performance conditions, in accordance with the rules of the Plan, of 100 per cent on fulfilment of Earnings per Share and 43 per cent on Total Shareholder Return. The vested shares became free of restrictions, and the unvested portion has lapsed.
BWCI Trust Company Limited, as the Trustees of the Plan, sold shares at 1141 pence per share on behalf of the Directors listed below to meet the tax liability arising on the vesting of the following awards:
Director | Shares Vested | Shares Lapsed | Shares Sold | Shares Retained |
Mr S Y Brikho | 227,584 | 90,716 | 50,069 | 177,515 |
Mr N A Bruce | 77,645 | 30,950 | 40,376 | 0* |
Mr I P McHoul | 126,509 | 50,428 | 65,785 | 60,724 |
*Mr Bruce sold the balance of 37,269 shares at 1141 pence per share.
Also, in accordance with the terms of the Plan, the following Restricted Shares (being conditional awards of shares, made in the form of nil cost options, and as defined in the rules of the Plan) have been granted to the Executive Directors on 3 April 2012. No consideration is payable for the grant of the awards.
Director Restricted Shares
Mr S Y Brikho 197,194
Mr N A Bruce 104,074
Mr I P McHoul 109,551
Following these transactions, the share holdings of Messrs Brikho, Bruce, and McHoul are as follows:-
Mr Brikho holds 1,787,023 ordinary shares in the Company (representing 0.55 per cent of the voting rights in the Company). Mr Brikho also has an interest in 601,037 Restricted Shares in the Performance Share Plan and 1,335 shares under the Savings Related Share Option Scheme.
Mr Bruce holds 105,152 ordinary shares in the Company (representing 0.03 per cent of the voting rights in the Company). Mr Bruce also has an interest in 284,109 Restricted Shares under the Performance Share Plan.
Mr McHoul holds 284,558 ordinary shares in the Company (representing 0.09 per cent of the voting rights in the Company). Mr McHoul also has an interest in 334,037 Restricted Shares under the Performance Share Plan and 1,512 shares under the Savings Related Share Option Scheme.
K A Hand
Assistant Company Secretary
Related Shares:
AMFW.L