14th Jan 2010 16:11
TOROTRAK PLC ("Torotrak" or the "Company")
14 January 2009
DIRECTORS' SHAREHOLDINGS
Torotrak announces the following transactions on 14 January 2010 by certain Directors following the exercise of options awarded, on 29 September 2006, under the Company's Long Term Performance Share Plan ("LTPSP") and the sale of sufficient ordinary shares of 10p each in the Company ("Shares"), at 25p per Share, to meet their income tax and national insurance liabilities and to cover the incidental costs of disposal.
The shares vesting represented 50% of the maximum awards (the maximum levels having been disclosed in previous Annual Reports) under the September 2006 LTPSP awards, in accordance with the required performance conditions.
The changes in Directors' shareholdings resulting from these transactions are summarised below:
|
Director |
Shares vesting |
Shares sold |
Resultant Shareholding |
% |
|
Dick Elsy |
374,107 |
182,546 |
709,002 |
0.44% |
|
James Batchelor |
207,588 |
101,293 |
295,859 |
0.18% |
As at the date of this announcement, the Company's registered capital comprises 161,444,571 ordinary shares with voting rights. The Company does not hold any shares in Treasury. This figure of 161,444,571 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
Torotrak plc
Jeremy Deering, Finance Director
Tel: +44 1772 900 938
Related Shares:
Torotrak PLC