7th Nov 2013 15:39
NOTIFICATION BY COMPANY TO RIS OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
1 | Name of the issuer | AFREN PLC |
2 | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance with paragraph 26 of the Model Code:
| A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R, |
3 | Name of person discharging managerial responsibilities/director: | MR. GALIB VIRANI |
4 | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person: | N/A |
5 | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest | IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE |
6 | Description of shares (including class), debentures or derivatives or financial instruments relating to shares: | ORDINARY SHARES OF ONE PENNY EACH |
7 | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them | MR. GALIB VIRANI |
8 | State the nature of the transaction. | VESTING OF SHARES HELD PURSUANT TO 2010 PERFORMANCE SHARE PLAN AWARD AND SUBSEQUENT SALE OF SOME OF THE VESTED SHARES FOR TAX PURPOSES |
9 | Number of shares, debentures or financial instruments relating to shares acquired | 225,872 ORDINARY SHARES OF ONE PENNY EACH VESTED TO MR. GALIB VIRANI PURSUANT TO THE 2010 PERFORMANCE SHARE PLAN AWARD |
10 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) | 0.02 % AWARDED TO MR. GALIB VIRANI PURSUANT TO THE 2010 PERFORMANCE SHARE PLAN AWARD |
11 | Number of shares, debentures or financial instruments relating to shares disposed.
| 106,533 ORDINARY SHARES (WHICH WERE SOLD FOLLOWING THE AWARD OF 225,872 SHARES AS SET OUT IN 9 ABOVE). |
12 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) | 0.01 % (SOLD FOLLOWING THE AWARD 225,872 SHARES AS SET OUT IN 9 ABOVE). |
13 | Price per share or value of transaction
| NO CONSIDERATION WAS PAID IN RELATION TO THE VESTING OF SHARES UNDER 9 ABOVE. £1.53 IN RELATION TO THE SALE OF THE SHARES SET OUT IN 11 ABOVE |
14 | Date and place of transaction:
| 1 NOVEMBER 2013 LONDON
|
15 | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
| 983,478 ORDINARY SHARES 0.09 % OF ISSUED SHARE CAPITAL |
16 | Date issuer informed of transaction:
| 7 NOVEMBER 2013 LONDON
|
17 | Date of grant: | 1 NOVEMBER 2010 |
18 | Period during which or date on which exercisable | 1 NOVEMBER 2013 |
19 | Total amount paid (if any) for grant of the option:
| NIL |
20 | Description of shares or debentures involved (class and number)
| CONDITIONAL AWARD IN 2010 OF 225,872 ORDINARY SHARES PURSUANT TO THE PERFORMANCE SHARE PLAN |
21 | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise:
| NIL |
22 | Total number of shares or debentures over which options held following notification | OPTIONS OVER 2,421,667 ORDINARY SHARES UNCHANGED UNDER SHARE OPTION SCHEME. CONDITIONAL AWARDS IN 2011 AND 2012 OF UP TO 808,515 ORDINARY SHARES HELD PURSUANT TO THE PERFORMANCE SHARE PLAN
|
23 | Any additional information
| THIS VESTING IS RELATED TO THE THREE YEAR PLAN CYCLE ENDING IN NOVEMBER 2013 AND WAS SUBJECT TO THE SATISFACTION OF TOTAL SHAREHOLDER RETURN (TSR) PERFORMANCE CONDITIONS |
24 | Name of contact and telephone number for queries:
| ELEKWACHI UKWU
+ 44 (0) 2078 64 37 55 |
25 | Name of duly authorised officer of issuer responsible for making notification: | ELEKWACHI UKWU
|
26 | Date of notification
| 7 NOVEMBER 2013 |
Related Shares:
AFR.L