27th Oct 2011 13:25
Punch Taverns plc (the "Company")
27 October 2011
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
Share Bonus Plan (the "Plan")
On 27 October 2011, in accordance with the rules of the Plan, the Company granted deferred share awards (the "Awards") totalling 1,473,951 Ordinary shares of 0.04786p each ("Ordinary Shares"), at a price of 10.25 pence per share (the closing share price on 26 October 2011), to the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs"):
Number of Ordinary Shares subject to Award | ||
Executive Directors | ||
Roger | Whiteside | 671,219 |
Steve | Dando | 429,268 |
PDMRs | ||
Neil | Griffiths | 193,171 |
Ed | Bashforth | 180,293 |
The Awards form part of the individuals' annual bonuses for the financial year ended 20 August 2011 and are not subject to further performance criteria. Subject to the rules of the Plan, the Awards will be satisfied by the transfer of Ordinary Shares to the individuals from the Company's Employee Benefit Trust on the second anniversary of the Awards.
The issued share capital of the Company is currently 659,930,841 Ordinary Shares.
This notification is provided in accordance with DTR3.1.4R(1).
Date of Notification: 27 October 2011
Ed Bashforth
Company Secretary
Punch Taverns plc
01283 502215
Related Shares:
Punch Taverns PLC