18th Jul 2007 16:32
Fuller,Smith&Turner PLC18 July 2007 Fuller, Smith & Turner P.L.C. ("Fuller's" or the "Company") Long Term Investment Plan ("LTIP") Directors' and Persons Dispensing Managerial Responsibility ("PDMR")'s interestsin ordinary shares of the Company Fuller's granted awards to Directors and PDMRs under its LTIP in June 2004.These awards included both listed "A" ordinary shares of £1.00 each and unquoted"B" ordinary shares of 10p each. On 17 July 2006, the Company's RemunerationCommittee determined that in accordance with the parameters of the Plan, 100 percent of the initial awards would be vested in those employees entitled. Under the rules of the LTIP the shares allocated to Directors and PDMRs vestedon 17 July 2007. To facilitate the financing of the resultant tax liabilities,each allottee has sold in the market a proportion of the "A" ordinary shares soawarded today at £18.71p per "A" ordinary share. In accordance with the termsof the LTIP, where the resultant shares have been re-deposited with the LTIP afurther matching award has been granted. The table below sets out the entitlements of the following Directors (denotedwith a *) and PDMRs of the Company, as a consequence of today's vest, match andsale. "A" Ordinary £1.00 shares Director*/Senior Shares Granted Shares Vested Sold for Tax/NI Re-deposited Matched ReleasedManager A Bowen 1914 1914 957 957 957 0P A Clarke* 6595 6595 3298 3207 3207 0M Clist 1769 1769 885 884 884 0M Dally 2775 2775 1388 1387 1387 0T S Emeny* 7865 7865 3933 3932 3932 0R H F Fuller 3480 3480 1740 1740 1740 0M L Gracie 3676 3676 1838 1838 1838 0J Keeling 2564 2564 1282 1282 1282 0D Munro 3077 3077 1539 1538 1538 0R J Roberts* 6986 6986 3493 3493 3493 0M J Turner* 10015 10015 5008 5007 5007 0T J M Turner* 6058 6058 3029 3029 3029 0 "B" Ordinary 10p shares Director*/Senior Shares Granted Shares Vested Sold for Tax/NI Re-deposited Matched ReleasedManager A Bowen 4785 4785 0 2392 2392 2393P A Clarke* 16488 16488 0 8244 8244 8244M Clist 4424 4424 0 2212 2212 2212M Dally 6938 6938 0 3469 3469 3469S Emeny* 19664 19664 0 9832 9832 9832R H F Fuller 8702 8702 0 4351 4351 4351M L Gracie 9190 9190 0 4595 4595 4595J Keeling 6412 6412 0 3206 3206 3206D Munro 7694 7694 0 3847 3847 3847R J Roberts* 17465 17465 0 8732 8732 8733M J Turner* 25038 25038 0 12519 12519 12519T J M Turner* 15145 15145 0 7572 7572 7573 Enquiries: Marie Gracie, Company Secretary 07956 559285 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fuller Smith & Turner