25th Mar 2015 07:00
Lakehouse plc
25 March 2015
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
The following notification is made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.
On 23 March 2015 Lakehouse plc ("Company") granted awards over a total of 1,687,521 ordinary shares in the capital of the Company pursuant to the terms of the Lakehouse plc Performance Share Plan ("Plan"). Details of the number of ordinary shares in the capital of the Company subject to each award and the identity and status of each individual receiving an award is set out in the table below.
Name of Individual | Director/Person Discharging Managerial Responsibility ("PDMR")
| Number of Shares subject to Award | Vesting Date of the Award |
Stuart Black | Director | 258,426 | 23 March 2018 |
Sean Birrane | Director | 337,078 | 23 March 2018 |
Jeremy Simpson | Director | 292,134 | 23 March 2018 |
Michael McMahon | Director | 224,719 | 23 March 2018 |
Carol Bailey | PDMR | 64,494 | 23 March 2018 |
Dean Ball | PDMR | 64,494 | 23 March 2018 |
Jamie Dawson | PDMR | 57,415 | 23 March 2018 |
Steven Foster | PDMR | 51,516 | 23 March 2018 |
David Greenfield | PDMR | 57,415 | 23 March 2018 |
Simon Howell | PDMR | 93,820 | 23 March 2018 |
John Lewthwaite | PDMR | 56,629 | 23 March 2018 |
Gail Shadlock | PDMR | 62,528 | 23 March 2018 |
Philip Tidmarsh | PDMR | 66,853 | 23 March 2018 |
Each award was notified to the Company by each of the individuals referred to above on 24 March 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure Rules and Transparency Rules.
Each award has been granted as an option to acquire ordinary shares in the capital of the Company and is subject to, and governed by, the provisions of the Plan. The ability to exercise each award is subject to the prior satisfaction of earnings per share and total shareholder return performance targets which will each normally be measured over a three year period. No consideration was paid for the grant of any of the awards identified above. With the exception of the award granted to Michael McMahon, no consideration is payable in order to exercise the awards set out above. In relation to the award granted to Michael McMahon, an exercise price of 10 pence per share (being the nominal value of an ordinary share in the capital of the Company) is payable in order to exercise such award and has been set in accordance with the rules of the Plan. In normal circumstances each award will not be capable of being exercised prior to the vesting date specified in the table above.
Further details of the principal terms of the Plan and a summary of the performance targets applying to each award are set out in the Prospectus for the Company dated 18 March 2015.
Further Information
For further information please contact, Simon Howell, Company Secretary on 01708 758 914.
Related Shares:
SUR.L