28th May 2013 11:45
RESOLUTION LIMITED (the "Company")
Notification of Transactions by Directors/Persons Discharging Managerial Responsibility and/or their Connected Persons
Conditional Share Awards under the Resolution Limited Deferred Share Award Plan 2013
At the Company's AGM on 16 May 2013, shareholders approved amendments to the Resolution Limited Deferred Share Award Plan 2013 ("DSAP"). Under the DSAP, one third of the cash bonus earned in respect of the 2012 financial year was to be paid in conditional share awards with a three year vesting period. On 24 May 2013, the Company awarded the conditional share awards listed below to the Directors and PDMRs named below. The award price was determined by reference to the average of the closing mid market quotation of the Company's shares for the five dealing days commencing with 17 May 2013, namely £2.9596 per share. The shares awarded are due for release on 4 April 2016 generally subject to participants remaining in continuing employment with the Company. These awards will be subject to an upward adjustment at the time of release to reflect dividends paid on the Company's shares from the date of grant to the date of release in accordance with the DSAP rules.
Name | Number of shares awarded under the DSAP in relation to FY2012 |
Directors | |
Andy Briggs | 53,837 |
Tim Tookey | 41,735 |
PDMRs | |
Rob Barnett | 21,251 |
Rosie Harris | 14,084 |
David Hynam | 33,225 |
Jonathan Moss | 9,365 |
John Van Der Wielen | 33,742 |
This disclosure relates to transactions notified in accordance with DTR 3.1.4(1)(a).
Enquiries:
Victoria Hames, Company Secretary
Tel: 0845 641 7825
Overseas: +44 (0)1306 871825
Date of notification: 28 May 2013
Related Shares:
FLG.L