22nd Jul 2010 16:10
22 July 2010
Sepura plc
(the "Company")
Notification of transactions of directors, persons discharging managerial responsibilities or connected persons
[DTR 3.1.4R(1)(a)]
On 22 July 2010, awards ("LTIP Awards") over Ordinary shares of nominal value £0.0005 in the capital of the Company were made under the Sepura Long-Term Incentive Plan ("Plan") to certain Directors of the Company as follows:
|
Name of Executive Director |
Number of shares under the LTIP Award |
|
Gordon Watling |
750,000
|
No consideration was paid for the grant of an LTIP Award which is structured as a conditional award.
The vesting of an LTIP Award is ordinarily subject to continued employment of the participant and the satisfaction of certain challenging Company performance conditions set by the Remuneration Committee of the Board at the time of grant. An LTIP Award will normally vest on the third anniversary of grant, subject to the satisfaction of the said performance conditions.
The Company was informed of the above transactions relating to LTIP Awards on 22 July 2010.
Duly authorised officer responsible for making notification/contact and telephone number for queries:
Carol Nunn, Company Secretary 01223 876 000
Date: 22 July 2010
END
Related Shares:
SEPU.L