16th Apr 2014 14:27
16 April 2014
Panmure Gordon & Co. plc
Director shareholdings
Panmure Gordon & Co. plc (“the Company”) announces that Phillip Wale, Chief Executive, and Philip Tansey, Chief Financial Officer, have today been granted share awards under the Company’s Performance Share Plan over 32,573 and 16,286 of the Company’s ordinary shares respectively. These awards will vest in full on 30 September 2015.
Phillip Wale’s beneficial holding in the Company’s shares is 8,500 ordinary shares of 4p each, representing 0.05% of the Company’s issued ordinary share capital. He has another Performance Share Plan award consisting of 337,500 shares which will vest in two equal tranches in 2016 and 2017, providing performance conditions based on 2014 and 2015 profitability are met.
Philip Tansey’s beneficial holding in the Company’s shares is 24,000 ordinary shares of 4p each, representing 0.15% of the Company's issued ordinary share capital. In addition Mr Tansey has an option over 40,000 shares at an exercise price of 40p held in the Panmure Gordon & Co. plc No 2 Employee Benefit Trust which are currently exercisable and over which he is able to exercise voting rights, which when aggregated with his existing holding represents 0.41% of the Company's ordinary issued share capital. He also holds two further awards under the Performance Share Plan: i) in respect of 16,000 shares which will automatically vest in two equal tranches on 31 March 2015 and 31 March 2016, subject to continued employment with a group company; and ii) in respect of 156,750 shares which will vest in two equal tranches in 2016 and 2017, providing performance conditions based on 2014 and 2015 profitability are met.
Enquiries:
| Sarah Wigley | ||
| Company Secretary | 020 7459 3600 | |
| Philip Secrett/Jen Hatter/Salmaan Khawaja | ||
| Grant Thornton Corporate Finance (Nominated Adviser) | 020 7383 5100 | |
Copyright Business Wire 2014
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