22nd Sep 2011 14:04
AMEC plc
22 September 2011
Pursuant to our obligations under Disclosure Rule 3.1.4, we hereby advise you that the Company has been notified of the following automatic vesting of shares today under the Transformation Incentive Plan, in accordance with the outcome against the performance conditions and as previously reported in our 2010 Annual Report and Accounts and our announcement on 6 April 2011:
Director | Shares Vested | Shares Sold for Tax | Shares Retained |
Mr I P McHoul | 160,181 | 83,295 | 76,886 |
83,295 shares were sold at 896.5 pence per share in accordance with the Plan rules to meet the UK tax and National Insurance liabilities which arose on vesting and which the company is obliged to account for under the PAYE provisions.
Following this transaction Mr McHoul holds 223,834 ordinary shares in the Company (representing 0.07% of the voting rights in the Company). Mr McHoul also has an interest in 401,423 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