26th Jan 2007 15:49
Torotrak PLC26 January 2007 Torotrak plc ("Torotrak" or the "Company") Director / PDMR Shareholding Torotrak announces that on 25 January 2007 it granted share awards ("Awards")giving the recipient, Jeremy Deering, a director of the Company, the right toreceive, subject to the achievement of performance conditions, a maximum of580,681 ordinary shares of 10p each in the capital of the Company ("OrdinaryShares") under the terms of its Long Term Performance Share Plan (the "Plan").Following these Awards Jeremy Deering is interested in 580,681 Ordinary Shares,being the subject of the Awards and 75,000 Ordinary Shares. The Award gives Jeremy Deering the right to acquire the Ordinary Sharescomprised in it following the third anniversary of the date of grant, subject tothe satisfaction of two performance conditions, each applicable to 50 per centof the Ordinary Shares in the Award, based on the parameters summarised in thecircular sent to shareholders when the Plan was introduced. 26 January 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Torotrak PLC