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3 Jun 2011 15:08
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NOTIFICATION BY COMPANY TO RIS OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
All relevant boxes should be completed in block capital letters.
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Β 1.Β | Name of the issuer:Β AFRENΒ PLC | 2.Β | State whether the notification relates to (i) a transaction notified in accordance withΒ DTRΒ 3.1.2 R, (ii) a disclosure (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance withΒ paragraph 26 of the Model Code: Β A TRANSACTION NOTIFIED IN ACCORDANCE WITHΒ DTRΒ 3.1.2 R, |
3.Β | Name of person discharging managerial responsibilities/director: Β DR. OSMAN SHAHENSHAHΒ | 4.Β | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person: Β N/AΒ |
5.Β | Indicate whether the notification is in respect of a holding of the person referred to inΒ 3 or 4Β above or in respect of a non-beneficial interest Β IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE | 6.Β | Description of shares (including class), debentures or derivatives or financialΒ instruments relating to shares: Β ORDINARY SHARESΒ OFΒ ONEΒ PENNY EACH |
7.Β | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them; DR. OSMAN SHAHENSHAHΒ Β | 8Β | State the nature of the transaction. Β PARTIAL VESTING OF SHARES HELD PURSUANT TO 2008 PERFORMANCE SHARE PLAN AWARD AND SUBSEQUENT SALE OF SOME OF THE VESTED SHARES FOR TAX PURPOSES Β |
9.Β | Number of shares, debentures or financial instruments relating to shares acquired: Β 234,939Β ORDINARY SHARES OFΒ ONEΒ PENNY EACH VESTED TO DR. OSMAN SHAHENSHAH PURSUANT TO THE 2008 PERFORMANCE SHARE PLAN AWARD | 10.Β | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage): Β 0.02%Β AWARDED TO DR. OSMAN SHAHENSHAH PURSUANT TO THE 2008 PERFORMANCE SHARE PLAN AWARD |
11.Β | Number of shares, debentures or financial instruments relating to shares disposed. Β 122,598Β ORDINARY SHARES (WHICH WERE SOLD FOLLOWING THE AWARD OF 234,939Β SHARES AS SET OUT IN 9 ABOVE). | 12.Β | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage): Β 0.01% (SOLD FOLLOWING THE AWARD OF 234,939Β SHARES AS SET OUT IN 9 ABOVE). |
13.Β | Price per share or value of transaction: NO CONSIDERATION WAS PAID IN RELATION TO THE VESTING OF SHARES UNDER 9 ABOVE. Β£1.65 IN RELATION TO THE SALE OF THE SHARES SET OUT IN 11 ABOVE | 14.Β | Date and placeΒ of transaction: 1 JUNE 2011 LONDON |
15.Β | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)Β Β 4,293,856 ORDINARY SHARES 0.44% OF ISSUED SHARE CAPITAL | 16.Β | Date issuer informed of transaction:Β 2 JUNE 2011 |
17Β | Date of grant: 1 JUNE 2008 Β | 18.Β | Period during which or date on which exercisable:Β 1 JUNE 2011 |
19.Β | Total amount paid (if any) for grant of the option:Β Β NIL | 20.Β | Description of shares or debentures involved (class and number): Β CONDITIONAL AWARD IN 2008 OF 361,446 ORDINARY SHARES PURSUANT TO THE PERFORMANCE SHARE PLAN |
21.Β | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise: Β NIL Β Β | 22.Β | Total number of shares or debentures over which options held following notification: OPTIONS OVER 13,200,000 ORDINARY SHARES UNCHANGED UNDER SHARE OPTION SCHEME. CONDITIONAL AWARD IN 2009 AND 2011 OF UP TO 2,314,656 ORDINARY SHARES HELD PURSUANT TO THE PERFORMANCE SHARE PLAN |
23.Β | Any additional information: THIS VESTING IS RELATED TO THE THREE YEAR PLAN CYCLE ENDING IN JUNE 2011 AND WAS SUBJECT TO THE SATISFACTION OF TOTAL SHAREHOLDER RETURN (TSR) PERFORMANCE CONDITIONS Β | 24.Β | Name of contact and telephone number for queries:Β Β ELEKWACHI UKWU Β Β + 44 (0) 20745 197 55 |
25 | Name and signature of duly authorised officer of issuer responsible for makingΒ Notification: Β ELEKWACHI UKWU Β | 26 | Date of notification :Β 3 JUNE 2011 |
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Notes: This form is intended for use by anΒ issuerΒ to make aΒ RISΒ notification required byΒ DTR 3.1.4.Β
(1) AnΒ issuerΒ making a notification in respect of a transaction relating to the shares or debentures of theΒ issuerΒ should completeΒ boxes 1 to 16, 23 and 24.Β
(2) AnΒ issuerΒ making a notification in respect of a derivative relating the shares of theΒ issuerΒ should completeΒ boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.Β
(3) AnΒ issuerΒ making a notification in respect of options granted to aΒ director/person discharging managerial responsibilitiesΒ should completeΒ boxes 1 to 3Β and 17 to 24. (4) AnΒ issuerΒ making a notification in respect of aΒ financial instrumentΒ relating to the shares of theΒ issuerΒ (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.Β
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