22nd May 2015 16:35
Lavendon Group plc ("The Company")
PDMR Announcement
Under the terms of the Company's Deferred Share Bonus Plan ("Plan"), awards granted on 10 April 2014 over ordinary shares of 1p each in the Company ("Ordinary Shares") have vested and were subsequently exercised on 22 May 2015. Within these awards, and in accordance with the rules of the Plan, additional awards representing the value of dividends that would have been paid on the vested shares during the period between the date of grant and the date of vesting of the awards have been made. A summary of the awards vested and exercised is given below:
Basic Dividend Total
Award Equivalent Award
Gonzague Depraetere Managing Director - France 16,867 467 17,334
The Company has been notified that on 22 May 2015 the following Ordinary Shares were sold at a price of 198.50 pence per share.
Shares
Disposed
Gonzague Depraetere Managing Director - France 17,334
Following the exercise of awards under the Plan and the subsequent sale of shares, the beneficial interests of Gonzague Depraetere in the share capital of the Company and his remaining interests in share incentive schemes over Ordinary Shares in the Company are detailed below:
Share
Ordinary Incentive Scheme
Shares Awards Outstanding
Gonzague Depraetere Managing Director - France - 178,148
For further information, please contact:
Lavendon | ||
Don Kenny, Chief Executive Today T: +44 (0)203 727 1000 Alan Merrell, Group Finance Director Thereafter T: +44 (0)1455 206 736 | ||
FTI Consulting | ||
Jonathon Brill T: +44 (0)203 727 1000 Adam Cubbage James Styles |
Notes to Editors
Lavendon is the European and Middle East market leader in the rental of powered access equipment. The quality of diversity of its hire fleet, coupled with the professionalism and accessibility of its depot network, provides an exceptional product range for customers.
Powered access equipment is designed to enable people to work safely, productively and comfortably at height. It can be used in a comprehensive range of applications, both inside and outside buildings and structures.
For and on behalf of Lavendon Group plc
22 May 2015
Related Shares:
LVD.L