9th Dec 2014 16:13
Shaftesbury PLC
Director/PDMR Shareholding
Shaftesbury PLC announces that on 9 December 2014, certain Directors completed the exercise of nil cost options awarded under the Company's Long Term Incentive Plan. Of the options granted on 7 December 2011, 50% of the options vested. The TSR performance condition over the three years ended 30 September 2014 was not met, whilst NAV performance resulted in 100% vesting for this element.
Brian Bickell, Simon Quayle and Tom Welton sold sufficient shares to meet income tax and national insurance liabilities and retained the remainder. Jonathan Lane sold all shares. The changes in Directors' shareholdings resulting from these transactions are summarised below:
B Bickell | S Quayle | T Welton | J Lane | |
Ordinary shares over which nil cost options exercised | 54,075 | 38,375 | 38,375 | 9,977 |
Ordinary shares sold | 25,505 | 18,100 | 18,100 | 9,977 |
Net increase in holding | 28,570 | 20,275 | 20,275 | 0 |
Revised holding | 955,055 | 896,024 | 711,928 | 1,075,000 |
The ordinary shares were sold at an average price of £7.80 per share.
Penny Thomas
Company Secretary
9 December 2014
Telephone 020 7333 8118
Related Shares:
SHB.L