30th Jan 2013 15:56
WINCANTON PLC - Director/PDMR ShareholdingWINCANTON PLC - Director/PDMR Shareholding
PR Newswire
London, January 30
Wincanton plc (the 'Company')
In fulfilment of an obligation imposed by DTR 3.1, the Company announces thefollowing details relating to an award made under the terms of the Wincantonplc 2011 Special Option Plan ('SOP').
1. Date of grant:
29 January 2013
2. Period during which the option award is exercisable, assuming that theperformance conditions are achieved:
29 January 2016 to 29 January 2023
3. Total amount paid (if any) for award:
Nil
4. Description of shares involved:
The grants were made over Ordinary shares of 10 pence each in the Company.
Name of Director Options Adrian Colman 1,059,3225. Exercise price:£0.7086. Total number of shares over which awards held, under the terms of the SOP,following this notification:Name of Director Options Adrian Colman 1,059,3227. Any additional information:
The vesting of options is subject to a performance requirement based on averageabsolute total shareholder return growth over a three-year vesting period (theoption starting to vest above 10% per annum i.e. 0% at 10%, with 100% of theoption vesting for 22% per annum). In addition, the Company's Earning per Shareof any financial year during the EPS Performance Period must not drop below theEPS for the financial year of the Company ending prior to the financial year inwhich the Option is granted.
The exercise price and size of award is calculated with reference to theaverage share price for the 3 days immediately prior to the date of grant.
8. Name of authorised company official responsible for making thisnotification:
Stephen Williams, Company Secretary - 01249 710 000
9. Date of Notification:
30 January 2013
Related Shares:
WIN.L