2nd Sep 2009 16:13
Notification of interests of directors/persons discharging managerial responsibility and connected persons pursuant to DTR 3.1.4 R(1)
2 September 2009
Friends Provident Group plc (the "Company") announces that, on 1 September 2009, Evelyn Bourke was granted a nil cost conditional award of up to 679,415 ordinary shares of 5 pence each in the Company under the Friends Provident Group Executive Long-Term Incentive Plan. The award was granted on the earliest available grant date since Ms Bourke's appointment in May 2009. The shares will vest on 31 December 2011, subject to performance criteria.
On 1 September 2009, Evelyn Bourke also received a nil cost deferred share award without performance conditions of 315,224 ordinary shares of 5 pence each in the Company under the Friends Provident Group Deferred Share Award Plan 2009 as compensation for the loss of long-term incentive arrangements with her previous employer. One third of the deferred share award will vest on 1 May 2010 and the remaining two-thirds will vest on 1 May 2011.
The Company also announces the transfer of 29,662 shares from the Friends Provident Employee Share Trust to the trustees of the Friends Provident Group Share Incentive Plan (SIP) at a price of 0.8486 per share to satisfy the obligation to issue shares to SIP participants in August 2009.
On 1 September 2009, the Company received notifications from the following persons discharging managerial responsibilities that, of the 29,662 ordinary shares of 5 pence acquired by the trustees, they have each acquired shares through the SIP as follows:
Name Shares purchased on Total number of shares held by persons 1 September 2009 discharging managerial responsibilities and Connected Persons S J Clamp 147 8,724 R G Ellis 147 26,192 R Sepe 147 31,073
The notification of these transactions is made pursuant to Disclosure Rule DR 3.1.4 R(1)(a) and is also deemed to be disclosure made in accordance with Section 793 of the Companies Act 2006 where appropriate.
Enquiries: Gordon Ellis, Group Secretary 0845 2683441
mapperRelated Shares:
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