18th Nov 2014 16:07
Notification of transactions of directors, persons discharging managerial responsibility or connected persons
The following announcement is made by WS Atkins plc (the "Company") in accordance with Disclosure and Transparency Rule 3.1.4R(1).
Atkins Deferred Share Plan
Awards pursuant to the terms of the Atkins Deferred Share Plan (the "DSP"), being rights to acquire ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), were granted on 17 November 2014 to the following directors and persons discharging managerial responsibility, as set out below:
Name
| Number of Ordinary Shares | Vesting Date, subject to the rules of the plan |
R Cross | 4,785 | 26 June 2017 |
HS Drewett* | 8,443 | 26 June 2017 |
MM Grant | 4,389 | 26 June 2017 |
U Krueger* | 17,471 | 26 June 2017 |
DA Lawson | 3,248 | 26 June 2017 |
S Lipscombe-Nott | 3,226 | 26 June 2017 |
S Moon | 3,317 | 26 June 2017 |
AE Randall | 7,909 | 26 June 2017 |
N Roberts | 6,405 | 26 June 2017 |
NJC Thomas | 3,287 | 26 June 2017 |
DJ Tonkin | 4,937 | 26 June 2017 |
Awards under the DSP, being a right to receive a cash sum equal to the market value of a specified number of Ordinary Shares at the time that the award vests, were also granted on 17 November 2014 to the following persons discharging managerial responsibility, as set out below:
Name
| Number of Ordinary Shares | Vesting Date, subject to the rules of the plan |
LJ Boyer | 9,242 | 26 June 2017 |
CL Birdsong | 3,332 | 26 June 2017 |
JS Herriman | 4,155 | 26 June 2017 |
K Rajesh | 3,932 | 26 June 2017 |
WS Atkins plc Long Term Incentive Plan
Awards pursuant to the terms of the WS Atkins plc Long Term Incentive Plan (the "LTIP"), being rights to acquire Ordinary Shares, were granted on 17 November 2014 to the following directors and persons discharging managerial responsibility, as set out below:
Name | Number of Ordinary Shares | Vesting Date, subject to the rules of the plan and performance conditions being met |
AJ Cullens* | 15,564 | 26 June 2017 |
HS Drewett* | 20,003 | 26 June 2017 |
MM Grant | 8,805 | 26 June 2017 |
U Krueger* | 33,781 | 26 June 2017 |
DA Lawson | 8,614 | 26 June 2017 |
SEA Lipscombe-Nott | 6,345 | 26 June 2017 |
S Moon | 8,039 | 26 June 2017 |
AE Randall | 6,125 | 26 June 2017 |
N Roberts | 8,839 | 17 November 2017 |
NJC Thomas | 7,656 | 26 June 2017 |
Awards pursuant to the terms of the LTIP, being a right to receive a cash sum equal to the market value of a specified number of Ordinary Shares at the time that the award vests, were also granted on 17 November 2014 to the following persons discharging managerial responsibility, as set out below:
Name | Number of Ordinary Shares | Vesting Date, subject to the rules of the plan and performance conditions being met |
CJ Birdsong | 7,439 | 26 June 2017 |
LJ Boyer | 10,595 | 26 June 2017 |
JS Herriman | 8,499 | 26 June 2017 |
WS Atkins plc Long-term Growth Unit plan
Awards pursuant to the terms of the WS Atkins plc Long-term Growth Unit plan (the "LGU") were also granted on 17 November 2014. Awards are, or are like, a right to receive the gain from any increase in the six-month average share price, between the date of grant and the date of exercise multiplied by the number of Units granted.
In addition, a correction of an administrative error has been made in relation to awards granted under the LGU on 24 June 2013. Unfortunately these awards were determined with reference to a five-month average share price instead of a six-month average share price and so this has been corrected.
The table below sets out the awards granted under the LGU to the following directors and persons discharging managerial responsibility for both the grant on 17 November 2014 and the corrected grant on 24 June 2013.
Number of Units granted | ||
Name | 17 November 2014 Awards | Corrected 24 June 2013 Awards1 |
CJ Birdsong | 10,478 | 14,852 |
LJ Boyer | 14,924 | 22,278 |
AJ Cullens* | 10,162 | n/a |
HS Drewett* | 13,061 | 19,336 |
MM Grant | 5,713 | 8,190 |
JS Herriman | 11,970 | 18,194 |
U Krueger* | 22,057 | 32,699 |
DA Lawson | 5,589 | 8,000 |
SEA Lipscombe-Nott | 4,117 | 6,095 |
S Moon | 5,216 | n/a |
AE Randall | 3,974 | 5,428 |
N Roberts | 5,713 | n/a |
NJC Thomas | 4,968 | 7,619 |
DJ Tonkin | - | 10,095 |
1 - The award levels shown for the LGU grant on 24 June 2013 are a correction of the award levels stated in RNS number 8518H released on 25 June 2013.
* Denotes director of the Company.
These awards under the LGU will vest, subject to the rules of the plan, according to the following schedule:
Vesting Dates | ||
Proportion vesting | 17 November 2014 Awards | 24 June 2013 Awards |
One third | 17 November 2018 | 24 June 2017 |
One third | 17 November 2019 | 24 June 2018 |
One third | 17 November 2020 | 24 June 2019 |
Rachel Doex
Company Secretarial Assistant
Telephone: +44 (0) 1372 752456
18 November 2014
Related Shares:
ATK.L