16th Nov 2009 16:45
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DIPLOMA PLC - DIRECTORS' LTIP AWARDS
Diploma PLC, the international group of businesses supplying specialised technical products and services to the Life Sciences, Seals and Controls industries, has today been notified that the following Directors have both received ordinary shares in the Company and have disposed of ordinary shares in the Company, as set out below:
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No. of Ordinary Shares |
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Received |
Sold |
Net Retained |
Market price |
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BM Thompson |
175,132 |
90,171 |
84,961 |
165.0p |
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I Henderson |
105,079 |
73,079 |
32,000 |
165.0p |
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NP Lingwood |
105,079 |
55,079 |
50,000 |
165.0p |
The shares were received pursuant to the vesting of an award of shares made on 22 December 2006 under the Company's Long Term Incentive Plan ("LTIP"). The vesting of the award was subject to performance conditions as set out in the LTIP and measured over a three year period ended 30 September 2009. Further details relating to the performance conditions will be set out in the Annual Report 2009, which will be posted to shareholders on 30 November 2009.
The shares were transferred to the Directors by Ogier Employee Benefit Trustee Limited, as trustee of the Diploma Employee Benefit Trust ("the Trust"). Accordingly the number of ordinary shares in the Company held by the Trust has, following this transfer, been reduced by 385,290 to 482,973.
Each of the Executive Directors of the Company, BM Thompson, I Henderson, NP Lingwood, is deemed to be beneficially interested in all the shares held in the Trust from time to time by virtue of being a potential beneficiary under the Trust.
For further enquiries please contact:
Bruce Thompson, Chief Executive Officer 020 7549 5700
Nigel Lingwood, Group Finance Director 020 7549 5705
Related Shares:
Diploma