5th Apr 2011 15:27
No: 689 PENDRAGON PLC ("Pendragon" or the "Company")
Acquisitions and disposals of ordinary shares
Following transactions occurring on 05 April 2011, the directors have notified the Company that they have all invested their total net bonuses for 2010 in Pendragon ordinary shares, and the number of shares each director has acquired is as follows:-
Director Number of Shares acquired Percentage of issued Price per share
capital T G Finn 748,730 0.112% £0.2275 M S Casha 415,961 0.062% £0.2275 T P Holden 294,807 0.044% £0.2275 H C Sykes 207,982 0.031% £0.2275
The directors have also notified the Company that following these purchases, they have sold the following ordinary shares:-
Director Number of Shares sold Percentage of issued capital Price per share
T G Finn 748,730 0.112% £0.2275 M S Casha 415,961 0.062% £0.2275 T P Holden 294,807 0.044% £0.2275 H C Sykes 207,982 0.031% £0.2275
The executive directors' respective beneficial holdings in Pendragon ordinary shares are detailed below:-
Director Holding % of Share Capital
T G Finn 17,384,946 2.60 M S Casha 5,101,972 0.76 T P Holden 300,000 0.04 H C Sykes 1,844,662 0.27
This announcement is intended to satisfy obligations under the Disclosure and Transparency Rules 3.1.4R(1).
Conditional awards for 2011 under the Pendragon Long Term Incentive Plan 2011 ("LTIP")
The 2011 matching and performance award under the LTIP was granted on 05 April 2011 to the executive directors listed below:-
Director Number of matching awards Number of performance awards
T G Finn 1,480,513 1,974,020 M S Casha 822,507 1,096,678 T P Holden 582,941 777,257 H C Sykes 411,252 548,339
Matching awards are an award over a fixed number of ordinary shares that matches (based on the gross amount a director would have invested were it not for the deduction of tax and employee national insurance contributions) the number of ordinary shares that the directors have chosen to purchase using annual bonus for 2010. The maximum performance award is equivalent of 100% of the executive's annual base salary.
Vesting of the matching and performance awards under the LTIP is subject to the satisfaction of performance conditions based on achieving defined earnings per share targets over a three year period.
HILARY C SYKES05 APRIL 2011 Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114Tim Holden Finsbury Gordon Simpson Tel: 0207 1513801 -ENDS-
vendorRelated Shares:
PDG.L