11th Nov 2011 14:26
Johnston Press plc (the "Company")
DIRECTORS'/PDMR SHAREHOLDINGS
The Company announces that on 11 November 2011 Ashley Highfield, who joined the Company as Chief Executive Officer on 1 November 2011 was granted an award under the Johnston Press Performance Share Plan 2006 (the "PSP") over 10,471,204 ordinary shares of 10p each in the Company. The proposed award was announced on 28 July 2011 and the award has been structured as a nil-cost option. No consideration was paid for the grant of the PSP awards. His resulting interest in shares in the Company is shown below.
Name | Total number of shares awarded | Beneficial Interest | Total Interest Including Non-Beneficial* |
A Highfield | 10,471,204 | 711,818 | 12,670,673 |
|
|
|
|
Subject to the achievement of the performance criteria and the executive remaining employed within the Company's group, the executive's PSP awards will normally vest on the later of 11 November 2014 and the date that the Remuneration Committee determine the extent to which the performance conditions have been satisfied. Once vested the awards will normally be capable of exercise for a period of up to 12months.
* Total Interest Including Non-Beneficial: This includes shares held by Johnston Press plc Employee Share Trust (a Jersey Trust) which holds shares in order to satisfy awards under the Company's Performance Share Plan for executives and the Irish Restricted Stock Unit Scheme (open to all eligible employees in the Republic of Ireland).
This notification is made in accordance with DR3.1.4R(1)(a)
Related Shares:
Johnston Press PLC