23rd May 2013 16:19
Shaftesbury PLC
Director Shareholding
Shaftesbury PLC announces that on 23 May 2013, certain Directors exercised unapproved options awarded under the Company's 2001 Share Option Scheme at an option price of £2.65 each as set out below. Jonathan Lane sold all the shares arising from the exercise of his option and Brian Bickell, Simon Quayle and Tom Welton sold sufficient shares to fund the subscription price and meet taxation and national insurance liabilities and retained the remainder.
J Lane | B Bickell | S Quayle | T Welton | |
Ordinary shares over which options exercised | 115,207 | 84,825 | 68,406 | 61,955 |
Ordinary shares sold | 115,207 | 58,099 | 46,854 | 42,435 |
Net increase in holding | 0 | 26,726 | 21,552 | 19, 520 |
Also on 23 May 2013, certain Directors completed the exercise of nil cost options awarded under the Company's Long Term Incentive Plan ("LTIP") as set out below. Brian Bickell, Simon Quayle and Tom Welton sold sufficient shares to meet income tax and national insurance liabilities and retained the remainder. Jonathan Lane sold all except 12,874 shares.
J Lane | B Bickell | S Quayle | T Welton | |
Ordinary shares over which nil cost options exercised | 98,200 | 70,150 | 67,600 | 65,050 |
Ordinary shares sold | 85,326 | 33,054 | 31,852 | 30,651 |
Net increase in holding | 12,874 | 37,096 | 35,748 | 34,399 |
Following the two transactions, the Directors' holdings are as follows:
Revised holding |
1,060,000 |
865,722 |
835,212 |
662,222 |
The ordinary shares were sold at an average price of £6.587066 per share.
Penny Thomas
Company Secretary
23 May 2013
Telephone 020 7333 8118
Related Shares:
SHB.L