2nd Jun 2016 16:00
For immediate release
BERENDSEN PLC
(the "Company")
Notification of interests of Directors and Persons Discharging Managerial Responsibility ("PDMR")
The Company announces the following changes to the interests of Directors and PDMRs in the Company's ordinary shares of 30p each ("Shares").
Vesting of share-based awards
The Berendsen Performance Share Plan 2006
On 1 June 2016, awards that were granted under the terms of the Berendsen Performance Share Plan 2006 ("PSP") on 7 March 2013, vested at a level of 47.5% of the total number of Shares comprised in the award. The number of vested Shares that were subsequently transferred to certain Directors/PDMRs is set out below.
On the same date, K Quinn, D A Lawler, C Thrush, S R Finch, C Ellegaard and P L Havéus sold all of their vested Shares (including sufficient number to discharge their relevant tax obligations) in all cases at an average price of 1,222.4 pence per Share.
Executive Directors
Name |
Role | Vested PSP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
K Quinn | Chief Financial Officer | 24,396 | 24,396 |
PDMR's
Name |
Role | Vested PSP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
S R Finch | Managing Director, UK Flat Linen | 22,203 | 22,203 |
C Thrush | Group Director, Human Resources | 14,564 | 14,564 |
D A Lawler | Company Secretary
| 17,208 | 17,208 |
C Ellegaard | Managing Director, Facility | 23,652 | 23,652 |
P L Havéus | Managing Director, Workwear | 23,652 | 23,652 |
Berendsen Deferred Bonus Share Plan 2006
On 1 June 2016, awards that were granted under the terms of the Berendsen Deferred Bonus Share Plan 2006 ("DBSP") on 7 March 2013, vested in full. The number of vested Shares that were subsequently transferred to certain Directors/PDMRs is set out below.
On the same date, K Quinn, D A Lawler, C Thrush, S R Finch, C Ellegaard and P L Havéus sold all of their vested Shares (including sufficient number to discharge their relevant tax obligations) in all cases at an average price of 1,222.4 pence per Share.
Executive Directors
Name |
Role | Vested DBSP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
K Quinn | Chief Financial Officer | 14,329 | 14,329 |
PDMR's
Name |
Role | Vested DBSP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
S R Finch | Managing Director, UK Flat Linen | 10,316 | 10,316 |
C Thrush | Group Director, Human Resources | 8,711 | 8,711 |
D A Lawler | Company Secretary
| 10,394 | 10,394 |
C Ellegaard | Managing Director, Facility | 16,931 | 16,931 |
P L Havéus | Managing Director, Workwear | 16,466 | 16,466 |
Berendsen Long-Term Incentive Plan
On 1 June 2016, awards that were granted under the terms of the Berendsen Long-Term Incentive Plan ("BLTIP") (3 year scheme) on 7 March 2013 and (2 year scheme) on 6 March 2014, vested. The number of vested Shares that were subsequently transferred to certain PDMRs is set out below.
On the same date, N P Hansen and C Sada sold 50% of their vested Shares to discharge their relevant tax obligations, in both cases, at an average price of 1,222.4 pence per Share.
PDMR's
Name |
Role | Vested DBSP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
N P Hansen | Managing Director, Hospitality | 2,480 | 1,240 |
M Amtoft-Christensen | Director of Shared Services | 10,607 | - |
C Sada | Director, Berendsen Excellence
| 5,981 | 2,991 |
The Berendsen Co-Investment Plan 2009
On 1 June 2016, awards that were granted under the terms of the Berendsen Co-Investment Plan 2009 ("CIP") ("Matching Awards"), on 9 April 2013, vested at a level of 47.5%. The number of vested Shares that were subsequently transferred to certain Directors/PDMRs is set out below.
On the same date, K Quinn, D A Lawler, C Thrush, S R Finch, C Ellegaard and P L Havéus sold all of their vested Shares (including sufficient number to discharge their relevant tax obligations) in all cases at an average price of 1,222.4 pence per Share.
Executive Directors
Name |
Role | Vested CIP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
K Quinn | Chief Financial Officer | 34,155 | 34,155 |
PDMR's
Name |
Role | Vested CIP Award (number) | Number of Shares sold (including those to discharge tax obligations) |
S R Finch | Managing Director, UK Flat Linen | 31,084 | 31,084 |
C Thrush | Group Director, Human Resources | 20,390 | 20,390 |
D A Lawler | Company Secretary
| 24,092 | 24,092 |
C Ellegaard | Managing Director, Facility | 33,112 | 33,112 |
P L Havéus | Managing Director, Workwear | 33,112 | 33,112 |
The notification of all awards is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4(1).
David Lawler
Company Secretary
Related Shares:
Berendsen