9th Dec 2013 15:29
Shaftesbury PLC
Director Shareholding
Shaftesbury PLC announces that on 9 December 2013, certain Directors completed the exercise of nil cost options awarded under the Company's Long Term Incentive Plan ("LTIP"). Of the options granted on 8 December 2010, 50% of the options vested. The TSR performance condition over the three years ended 30 September 2013 was not met, whilst NAV performance resulted in 100% vesting for this element.
Brian Bickell, Simon Quayle and Tom Welton sold sufficient shares to meet income tax and national insurance liabilities and retained the remainder. Jonathan Lane sold all shares. The changes in Directors' shareholdings resulting from these transactions are summarised below:
B Bickell | S Quayle | T Welton | J Lane | |
Ordinary shares over which nil cost options exercised | 40,525 | 39,100 | 37,688 | 53,665 |
Ordinary shares sold | 19,114 | 18,442 | 17,776 | 53,665 |
Net increase in holding | 21,411 | 20,658 | 19,912 | - |
Revised holding | 884,836 | 853,654 | 682,134 | 1,060,000 |
The ordinary shares were sold at an average price of £6.0228 per share.
Penny Thomas
Company Secretary
9 December 2013
Telephone 020 7333 8118
Related Shares:
SHB.L