8th Aug 2012 14:20
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIESAND CONNECTED PERSONS
In accordance with DTR 3.1.4R (1), GKN plc (the "Company") announces that on 8 August 2012, an award was granted under The GKN Deferred Bonus Plan ("DBP") to the Executive Director listed below:
Director Number of shares Total number of share awards awarded held under DBP Marcus Bryson 53,278 111,196
The DBP award represents a percentage of the amount earned under the Company's annual bonus arrangements for 2011 compulsorily deferred and invested into GKN shares. Subject to the Rules of the DBP, shares will normally be released after the announcement of the Company's annual results for the financial year following the year in which the award was granted. During this period, any dividends earned are accrued and an equivalent cash amount paid on release of the shares.
In addition, the DBP award is subject to clawback in the event of a material individual or corporate failure.
8 August 2012
PINXRelated Shares:
GKN PLC