22nd Jul 2009 15:05
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND CONNECTED PERSONS
In accordance with DTR 3.1.4R, GKN plc (the `Company') announces the following transactions in respect of the Company's ordinary shares of 10 pence each by its Directors and other persons discharging managerial responsibilities ('PDMRs').
Under the terms of the Company's Rights Issue announced on 18 June 2009, qualifying shareholders were entitled to purchase 6 New Ordinary Shares in GKN plc for every 5 Existing Ordinary Shares held on the record date of 1 July 2009, at an issue price of 50 pence per New Ordinary Share.
The Directors and other PDMRs (together with their connected persons) took up their rights in full and consequently acquired the following ordinary shares pursuant to the Rights Issue, which closed for acceptances on 21 July 2009.
Directors and PDMRs Number of shares Total number of shares acquired pursuant to the beneficially held following Rights Issue the Rights Issue Roy Brown 31,516 57,780 Sir Kevin Smith 656,945 1,204,401 Marcus Bryson 88,213 161,725 Helmut Mamsch 9,000 16,500 Sir Christopher Meyer 4,200 7,700 Andrew Reynolds Smith 99,885 183,123 William Seeger, Jr 46,351 84,977 John Sheldrick 6,000 11,000 Nigel Stein 251,126 460,398 Sir Peter Williams 18,000 33,000 Judith Felton 75,710 138,802 Walter Rohregger 51,970 95,279
Options and conditional awards of shares granted under the Company's employee share schemes will be adjusted in accordance with the rules of each scheme to compensate for the effect of the Rights Issue; a further announcement will be made in respect of adjustments made to options and conditional awards held by Executive Directors and PDMRs.
Definitions used in the Prospectus dated 18 June 2009 shall have the same meanings when used in this announcement, unless the context otherwise requires.
22 July 2009
vendorRelated Shares:
GKN PLC