8th May 2009 16:37
8th May 2009
Lavendon Group plc
Director/PDMR shareholding
Under the terms of the Lavendon Group plc 2006 Long Term Incentive Plan ("Plan"), Kevin Appleton and Alan Merrell, the Company's Chief Executive and Finance Director respectively, were granted awards over ordinary shares of 1p each in the Company ("Ordinary Shares") on 28 April 2006.
These awards vested on 28 April 2009 and Ordinary Shares have been awarded to Kevin Appleton and Alan Merrell in the amount of 54,087 and 43,270 respectively. Within these awards, and in accordance with the rules of the Plan, Ordinary Shares were awarded to Kevin Appleton and Alan Merrell representing the value of dividends that would have been paid on the vested shares during the period between the date of grant and the date of vesting of the awards. Dividend equivalent shares totalling 7,212 and 5,770 were awarded to Kevin Appleton and Alan Merrell respectively.
The Company has been notified that on 7 May 2009 Kevin Appleton and Alan Merrell have exercised their awards.
Following the exercise of awards under the Plan, Kevin Appleton and Alan Merrell hold beneficial interests in the share capital of the Company of 186,163 and 128,270 Ordinary Shares respectively. In addition to these beneficial interests, they hold share options over 525,123 and 250,000 Ordinary Shares respectively and awards granted under the Lavendon Group plc 2006 Long Term Incentive Plan of 127,643 and 97,073 Ordinary Shares respectively. This notification is made in accordance with DTR 3.1.4(1)(a).
For further information please contact:
|
Lavendon Group plc Kevin Appleton, Chief Executive Alan Merrell, Group Finance Director |
T: +44(0)1455 558874 |
|
Financial Dynamics Jonathon Brill/Billy Clegg/Caroline Stewart |
T: +44(0)207 831 3113 |
Related Shares:
LVD.L