29th Mar 2012 16:40
DEVRO plc ("Devro" or "the Company")
29 March 2012
Notification of Transactions of Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that following a review of the performance conditions of the Company's 2003 Performance Share Plan ("PSP") by the Executive Directors' Remuneration Committee, 375,000 ordinary shares of 10p each in the Company ("Shares") were allotted today to the following PDMRs of the Devro Group pursuant to awards granted to these individuals in March 2009 under the PSP. The Shares have been released at no cost to the individuals according to the extent to which the applicable PSP performance conditions applying to such awards have been met for the 3-year performance period ending on 31 December 2011.
Name of participant | Status | Shares vesting under PSP |
Mike Cooke | PDMR | 75,000 |
Gordon Frame | PDMR | 75,000 |
Alan Kilpatrick | PDMR | 75,000 |
Douglas Stewart | PDMR | 75,000 |
Michal Stocek | PDMR | 75,000 |
The Company further announces that a further 289,022 Shares were transferred today to the following PDMRs of the Devro Group pursuant to awards granted to those individuals in March 2009 under the Devro 2009 Deferred Share Bonus Plan ("DSBP"). The Shares have been released at no cost to the individuals. No performance condition applied to these Shares.
Name of participant | Status | Shares vesting under DSBP |
Mike Cooke | PDMR | 65,726 |
Gordon Frame | PDMR | 64,967 |
Alan Kilpatrick | PDMR | 54,945 |
Douglas Stewart | PDMR | 65,785 |
Michal Stocek | PDMR | 37,599 |
Enquiries: John Meredith
Company Secretary
Tel: 01236 879191
Related Shares:
DVO.L