14th Sep 2012 16:36
Johnston Press plc (the "Company")
DIRECTORS'/PDMR SHAREHOLDINGS
The Company announces that on 14 September 2012 the following directors and members of the Executive Management Committee were granted awards over ordinary shares of 10p each in the Company under the terms of the Johnston Press Performance Share Plan 2006 (the "PSP"). No consideration was paid for the grant of the PSP awards.
Name | Total number of shares awarded | Beneficial Interest* | Total Interest Including Non-Beneficial** |
A Highfield | 6,954,581 | 926,270 | 17,138,068 |
G Murray | 1,102,041 | 0 | 16,211,798 |
D Cammiade | 1,320,784 | 1,316,679 | 17,528,477 |
P M McCall | 234,694 | 163,022 | 16,374,820 |
N Jones | 1,821,493 | 0 | 16,211,798 |
H Faure Walker | 316,327 | 14,855 | 16,226,653 |
M A Vickers | 248,996 | 314,242 | 16,526,040 |
Subject to the achievement of the performance criteria, the PSP awards will normally vest on 14 September 2015 and may, to the extent vested, be exercised during the 12 month period ending 13 September 2016. No consideration is payable on the exercise of the PSP awards. The grant to Ashley Highfield includes an element for matching awards. Since his appointment Mr Highfield has purchased 926,270 ordinary shares in the Company. Under the terms of his contract the Company has granted PSP awards on a two for one matching basis in respect of those purchased shares. Mr Highfield is also entitled to a minimum level of PSP award in each of 2012 and 2013. In total Mr Highfield has received 17,425,785 PSP awards since he joined the Company.
* Beneficial Interest: This includes shares held in trust under the Johnston Press Share Incentive Plans, which holds shares to satisfy awards under those plans (open to all eligible employees in the United Kingdom).
** 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)
For further enquiries please contact the Company Secretary:
Peter McCall T: 0131 225 3361
14 September 2012
Related Shares:
Johnston Press PLC