31st Mar 2011 17:55
DEVRO plc ("Devro" or "the Company")
Notification of Transactions ofPersons Discharging Managerial Responsibility
The Company announces that, following a review of the performance conditions of the Company's 2003 Performance Share Plan ("PSP") by the Executive Directors' Remuneration Committee, 450,000 ordinary shares of 10p each in the Company were allotted today to the following PDMRs of the Devro Group pursuant to awards granted to these individuals in March 2008 under the PSP. The shares have been released at no cost to the individuals according to the extent to which the applicable PSP performance conditions applying to such awards have been met for the 3-year performance period ending on 31 December 2010. The Company also announces today that the following persons have sold the number of shares in Devro plc set out opposite their names at £2.83 per share:
SCHEDULE
Name ofParticipant | Status | Shares vesting under PSP | No of Devro plc 10pOrdinary Sharessold |
| Mike Cooke | PDMR | 75,000 | 55,000 |
| Gordon Frame | PDMR | 75,000 | 75,000 |
| Alan Kilpatrick | PDMR | 75,000 | 55,000 |
| Graham McGilchrist | PDMR | 75,000 | 50,000 |
| Douglas Stewart | PDMR | 75,000 | - |
| Michal Stocek | PDMR | 75,000 | - |
31 March 2011
| Enquiries: | John Meredith |
| Company Secretary | |
| Tel: 01236 879191 |
Related Shares:
DVO.L