Sign In
13 May 2008 09:00
13 May 2008
AGA RANGEMASTER GROUP PLCAWARDS UNDER THE LONG-TERM INCENTIVE PLAN
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
1. Name of the issuer
AGA RANGEMASTER GROUP PLC (the 'Company')
2. Details of transactions
This notification relates to a transaction notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a) relating to Awards granted underthe Company's Long-Term Incentive Plan ('LTIP') to persons discharging managerialresponsibility ('PDMR'):-Name No. of Date of grant options granted W B McGrath 85,391 12 May 2008S M Smith 49,051 12 May 2008M A Bufton 17,519 12 May 2008 R G Eagleton 17,519 12 May 2008G J V Green 17,519 12 May 2008 G A O'Brien 17,519 12 May 2008
3. Period during which or date on which it can be exercised
Exercise Period 12/05/2011 - 11/05/2018
4. Total amount paid (if any) for grant of the option
None
5. Description of shares or debentures involved (class and number)
Ordinary shares of 46 7/8 pence
6. Any additional information
There is a range in the number of shares each PDMR could be entitled to acquire in respect of the awards dependent on two performance criteria. Half the awards of shares under the LTIP (which are granted as options) are dependent on the Company's total shareholder return ('TSR')compared with the TSR of companies inthe FTSE 250 Index over a three year performance period. The remaining half of the awards of shares under the LTIP are subject to EPS growth exceeding RPI growth by a minimum of 5% per annum for partial vesting and a maximum of 12% per annum for full vesting. Under both performance conditions a sliding scale is in operation and full vesting of conditional awards would be subject to superior performance. There is a nominal ‚£1 payable on exercise of an award granted as an option and no charge in respect of the actual grant of an award. The options noted in paragraph 2 were granted by an employee benefit trust established by the issuer rather than by the issuer itself.
7. Name of contact and telephone number for queries
Rachel Jeavons 0121 711 6090
Name of duly authorised officer of issuer responsible for making notificationP M SissonsCompany SecretaryDate of notification13 May 2008
vendor
Follow the stocks
