4th Mar 2010 16:30
For immediate release
THE DAVIS SERVICE GROUP PLC
(the "Company")
Notification of interests of Directors and Persons Discharging Managerial Responsibility ("PDMR")
The Company announces the following changes to the interests of Directors and PDMR in the Company's ordinary shares of 30p each ("Shares").
On 4 March 2010, the Company granted the following share-based conditional Awards under both the Performance Share Plan ("PSP") and the Deferred Bonus Share Plan ("DBSP").
|
Name |
Role |
DBSP Award (number) |
PSP Award (number) |
Executive Directors
|
|
|
|
|
|
P J Ventress |
Chief Executive |
- |
122,309 |
|
|
|
|
|
|
K Quinn |
Finance Director |
11,449 |
73,385 |
|
|
|
|
|
PDMR
|
|
|
|
|
|
C Ellegaard |
Managing Director, Nordic Region |
18,195 |
98,971 |
|
|
|
|
|
|
S R Finch |
Managing Director, UK/Eire Region |
13,944 |
69,471 |
|
|
|
|
|
|
P L Havéus |
Managing Director, Continent Region |
18,195 |
98,971 |
|
|
|
|
|
|
D A Lawler
|
Company Secretary |
9,816 |
53,326 |
Awards granted under the PSP will vest on 4 March 2013 but only to the extent that certain performance conditions, based on earnings per share and return on invested capital, are satisfied by the Company over a three-year performance period which commenced on 1 January 2010. No consideration is payable on the grant or vesting of an Award.
Under the DBSP, a percentage of a participant's annual bonus is deferred for three years into an Award over Shares. Awards granted under the DBSP will vest on 4 March 2013, but only to the extent that the participant is still employed in the Davis Service Group at that time. Other than the application of a percentage of the annual bonus in the acquisition of Shares, no consideration is payable on the grant or vesting of an Award.
To the extent that an Award vests under either the DBSP or the PSP, a participant will, at that time, be entitled to receive additional Shares of an amount equivalent to the dividends that would have been paid on the Shares comprised in their Award over the vesting period.
The notification of these Awards is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4(1).
David Lawler
Company Secretary
Related Shares:
Berendsen