30th Nov 2012 10:44
Punch Taverns plc (the "Company")
30 November 2012
NOTIFICATION OF DIRECTOR SHAREHOLDING
Long Term Incentive Plan 2008 (the "Plan")
On 30 November 2012, in accordance with the rules of the Plan, the Remuneration Committee granted the following Options, at a price of 6.59 pence per share to the following Executive Directors of the Company:
Number of Shares subject to the Option | |
Executive Directors | |
Roger Whiteside | 3,262,518 |
Steve Dando | 2,086,494 |
Total | 5,349,012 |
The exercise price payable to exercise the Options shall be £1. The Options will normally be exercisable between 30 November 2015 and 29 November 2022 subject to the optionholder's continued employment and to the extent that Total Shareholder Return ("TSR") targets are met.
Share Bonus Plan (the "Plan")
On 30 November 2012, in accordance with the rules of the Plan, the Company granted deferred share awards (the "Awards") totalling 623,745 Ordinary shares of 0.04786p each ("Ordinary Shares"), at a price of 6.60 pence per share (the closing share price on 29 November 2012), to the following Executive Directors:
Number of Ordinary Shares subject to Award | |
Executive Directors | |
Roger Whiteside | 380,436 |
Steve Dando | 243,309 |
Total | 623,745 |
The Awards form part of the individuals' annual bonuses for the financial year ended 18 August 2012 and are not subject to further performance criteria. Subject to the rules of the Plan, the Awards will be satisfied by the transfer of Ordinary Shares to the individuals from the Company's Employee Benefit Trust on the second anniversary of the Awards.
The issued share capital of the Company is currently 664,959,175 Ordinary Shares.
Date of Notification: 30 November 2012
Ed Bashforth
Company Secretary
Punch Taverns plc
01283 502215
Related Shares:
Punch Taverns PLC