8th Apr 2014 10:15
8 April 2014
AMEC plc (the company)
Notification of interests of executive directors and other persons discharging managerial responsibility (PDMRs)
Pursuant to our obligations under Disclosure Rule 3.1.4 (R), we hereby advise you that the company was notified on 7 April 2014 of transactions carried out on 5 April 2014 in connection with the AMEC Performance Share Plan.
Conditional awards over AMEC ordinary shares were awarded to executive directors and other PDMRs in April and June 2011, subject to two performance conditions (earnings per share and total shareholder return) each of which operated independently on one half of the basic award, with the matched award being subject to the earnings per share condition only. As previously reported in our 2013 directors' remuneration report, 25.6 per cent of the portion subject to the earnings per share portion has vested. The outcome of the total shareholder return performance condition, for which the measurement period ended on 31 March 2014, resulted in zero vesting of this portion. The number of shares in respect of which each individual's award vested and lapsed, on 5 April 2014, is set out in the table below. The vesting share price was 1225p per share.
shares/nil cost options lapsed | shares/nil cost options vested | dividend equivalent shares
| shares/nil cost options retained
| |
Samir Brikho | 153,866 | 30,829 | 3,446 | 34,275 |
Ian McHoul | 85,531 | 17,136 | 1,915 | 19,051 |
Simon Naylor | 29,921 | 6,415 | 716 | 5,179* |
John Pearson | 31,312 | 6,714 | 749 | 7,463 |
*1,952 shares were withheld to meet Simon Naylor's tax liability on vesting. The three other awards are in the form of nil cost options none of which have yet been exercised.
Following the above transactions, the share interests of the directors and other PDMRs are as follows:-
Samir Brikho holds 1,894,682 ordinary shares in the company, which represents 0.64% of the voting rights in the company. He also has an interest in 631,659 Restricted Shares in the Performance Share Plan, 1,335 shares under the Savings Related Share Option Scheme and 34,275 vested but unexercised options with an eighteen month exercise period from vesting.
Ian McHoul holds 318,407 ordinary shares in the company, which represents 0.11 per cent of the voting rights in the company. He also has an interest in 350,920 Restricted Shares under the Performance Share Plan, 1,046 shares under the Savings Related Share Option Scheme and 19,051 vested but unexercised options with an eighteen month exercise period from vesting.
Simon Naylor holds 83,452 ordinary shares in the company, which represents 0.03% of the voting rights of the company. He also has an interest in 188,925 Restricted Shares awarded under the Performance Share Plan and 1,335 shares awarded under the Savings Related Share Option Scheme.
John Pearson holds 36,305 ordinary shares in the company, which represents 0.01% of the voting rights of the company. He also has an interest in 169,486 Restricted Shares awarded under the Performance Share Plan, 1,335 shares awarded under the Savings Related Share Option Scheme and 7,463 vested but unexercised options with an eighteen month exercise period from vesting.
Kim Hand
Senior Assistant Company Secretary
Related Shares:
AMFW.L