13th Feb 2012 10:41
Daily Mail and General Trust Plc
Daily Mail and General Trust plc (the Company) announces that on 13 February 2012, conditional share awards (the Awards) over `A' Ordinary non-voting shares in the Company (Shares) were made to the following Directors, being persons discharging managerial responsibilities (PDMRs) in the Company, under the Daily Mail and General Trust plc 2012 Long Term Incentive Plan (the 2012 LTIP):
Name Maximum number of Shares under Award (Award Shares)
Mr M. W. H. Morgan 206,350Mr S. W. Daintith 146,453Mr K.J. Beatty 152,494
The number of Award Shares set out above is the maximum number which may vest under the Awards. The actual number of Award Shares which vest will depend on the extent to which performance conditions have been satisfied over a five-year period ending on 2 October 2016. These awards have been made with performance conditions, set with reference to the Company's strategic goals, as described in the summary of the 2012 LTIP set out in the Circular accompanying the Notice of Annual General Meeting dated 16 December 2011. The 2012 LTIP was approved by Ordinary shareholders at the Company's Annual General Meeting on 8 February 2012.
The Share price used to determine the number of Shares under awards was that at close of business on Friday 10 February 2012 of £4.37.
This notice is given in fulfilment of the obligation under DTR3.1.4 (1)(a).
Name of contact and telephone number for queries:
N. D. JENNINGS, 020 7938 6625
13 FEBRUARY 2012
XLONRelated Shares:
DMGT.L