6th Dec 2005 15:45
Punch Taverns PLC06 December 2005 Punch Taverns plc ("the Company") Director/PDMR Shareholding On 5 December 2005 the following employees exercised options to purchase the number of ordinary shares set out in the table below in the capital of the Company. These options were granted on the dates and at the prices shown below pursuant to the Company's executive share option scheme. Name Date of Exercise Number of Shares Gain made on Grant Price Exercised exercise* Neil 5 December £1.94 35,094 £218,986.56Preston 2002 Neil 3 December £2.05 2,036 £12,480.68Preston 2001 William 5 December £1.94 108,249 £675,473.76Walker 2002 *this is the aggregate market price on the date of exercise less the aggregate exercise price of the shares subject to the option exercised.The share price on the date of exercise was £8.18. On 5th December 2005 the following employees disposed of the following number of shares acquired pursuant to the exercise of the options set out above:- Name Date of Market Price on Number of Shares Value of Shares Disposal Disposal Disposed Disposed* Neil 5 December £8.18 35,094 £287,068.92Preston 2005 Neil 5 December £8.18 2,036 £16,654.48Preston 2005 William 5 December £8.18 108,249 £885,476.82Walker 2005 *the actual value received by the employee is the gain made on exercise. Thevalue of the shares disposed shows the total value of the shares subject to theoption before shares equivalent to the aggregate exercise price were sold. Following the above transactions the employees set out below now have thefollowing interests in the ordinary share capital of the Company:- Name Ordinary Shares in Total Number of Outstanding Share Incentives held the Company over Ordinary Shares of the Company Neil 2,955 57,581Preston William 2,824 86,104Walker The issued share capital of Punch Taverns plc is now 253,404,411 Ordinary sharesof 0.04786p each. Date of Notification: 6th December 2005 Susan RuddDeputy Company Secretary01283 501750 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Punch Taverns PLC