8th Dec 2006 14:55
AMEC PLC08 December 2006 AMEC plc8 December 2006 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS AMEC plc ("the Company") announces that on 8 December 2006 it was notified thatMr S Y Brikho, Chief Executive of the Company, acquired, on 8 December 2006,52,892 of the Company's ordinary shares of 50p each for no consideration. Theacquisition was the result of the automatic vesting of an award under the AMECPerformance Share Plan 2006 on the date of vesting set when the award was madeon 2 October 2006. The number of shares was net of the liability for income taxand national insurance contributions that arose in connection with the vestingof the award. This part of the notification is made in order to satisfy both section 324 ofthe Companies Act 1985 and Disclosure Rule 3.1.2. The shares to satisfy the award were transferred from the Company's employeeshare trust (The AMEC plc Employee Share Trust). In addition on the same day thetrustees of the trust sold 36,881 ordinary shares of 50p each for 415.5p each tofund the taxes due on the vesting of the award described above. The executivedirectors of the Company listed below, as well as other employees, are potentialbeneficiaries of the trust. As such, they are deemed to be interested in all theshares held by the trustee. Accordingly, the number of shares in which thedirectors are interested decreased by 89,773 following the transfer of theshares to satisfy the award and the sale of shares to fund the tax. The relevant directors are: Mr S Y Brikho Mr S J Siddall Mr J D Early This part of the notification is made under section 324 Companies Act 1985. C L Fidler, Assistant Company SecretaryAMEC plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMFW.L