31st Mar 2008 17:37
Pendragon PLC31 March 2008 31 March 2008 RNS: 231820 NO: 599 PENDRAGON PLC ("Pendragon" or the "Company") Acquisitions and disposals of ordinary shares Following transactions occurring on 31 March 2008, the directors have notifiedthe Company that they have all invested their total net bonuses for 2007 inPendragon ordinary shares, and the number of shares each director has acquiredis as follows:- Director Number of Shares Percentage of issued Price per share acquired capitalT G Finn 191,017 0.0291% £0.335M S Casha 106,122 0.0162% £0.335D R Forsyth 74,286 0.0113% £0.335H C Sykes 53,062 0.0080% £0.335 The directors have also notified the Company that following these purchases,they have sold the following ordinary shares:- Director Number of Shares sold Percentage of issued Price per share capitalT G Finn 191,017 0.0291% £0.335M S Casha 106,122 0.0162% £0.335D R Forsyth 74,286 0.0113% £0.335H C Sykes 53,062 0.0080% £0.335 The executive directors' respective beneficial holdings in Pendragon ordinaryshares are detailed below:- Director Holding % of Share CapitalT G Finn 16,514,996 2.517%M S Casha 5,101,972 0.777%D R Forsyth 1,865,439 0.284%H C Sykes 1,844,662 0.281% This announcement is intended to satisfy obligations under the Disclosure andTransparency Rules 3.1.4R (1). Conditional awards for 2008 under the Pendragon Long Term Incentive Plan 2008 ("LTIP") The 2008 matching award and performance award under the LTIP was granted on 31March 2008 to the executive directors listed below:- Director Number of matching awards Number of performance awardsT G Finn 336,828 1,439,440M S Casha 187,129 799,689D R Forsyth 130,991 559,782H C Sykes 93,566 399,844 Matching awards are an award over a fixed number of ordinary shares that matches(based on the gross amount a director would have invested were it not for thededuction of tax and employee national insurance contributions) the number ofordinary shares that the directors have chosen to purchase using annual bonusfor 2007. The vesting of the matching and performance awards under the LTIP is subject tothe satisfaction of performance conditions based on growth in earnings per shareand total shareholder return over a three year period, details of which were setout in a circular to shareholders dated 27 March 2006, and which are also setout in the 2007 Annual Report and Accounts of the Company. Following the grant of these awards, the total number of options over ordinaryshares in the Company held by each of the directors is as follows:- Director Number of optionsT G Finn 3,060,190M S Casha 1,706,984D R Forsyth 1,216,698H C Sykes 880,965 HILARY C SYKES31 MARCH 2008 Enquiries: Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725114 David Forsyth, Finance Director Finsbury Gordon Simpson Tel: 0207 2513801 - ENDS- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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