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17 Apr 2012 16:00
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND CONNECTED PERSONS 1. Name of the issuer: AGA Rangemaster Group plc 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). (i) 3. Name of person discharging managerial responsibilities/director: Mr W B McGrath - Director Mr S M Smith - Director Mr M A Bufton - PDMR Mr G J V Green - PDMR
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director names in 3 and identify the connected person: N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest: N/A 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares: N/A 7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them: N/A 8. State the nature of the transaction: N/A 9. Number of shares, debentures or financial instruments relating to shares acquired: N/A
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage): N/A 11. Number of shares, debentures or financial instruments relating to shares disposed: N/A
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage): N/A 13. Price per share or value of transaction: N/A 14. Date and place of transaction: N/A 15. Total holding following notification and total percentage holding following notification (any treasury shares of that class should not be taken into account when calculating percentage): N/A 16. Date issuer informed of transaction: N/A 17. Date of grant: 16 April 2012 18. Period during which or date on which it can be exercised: Options normally vest three years after date of grant, subject to
performance conditions being met. To the extent that an option vests, it
will be capable of exercise at any date from the time at which it vests
until the tenth anniversary of the date of grant of the option concerned.
The exercise of an option is subject to continued employment or other circumstances as set in the plan rules. 19. Total amount paid (if any) for grant of the option: N/A 20. Description of shares or debentures involved (class and number): Options over ordinary shares of 46 7/8 pence each: Mr W B McGrath - 362,566 Mr S M Smith - 208,269 Mr M A Bufton - 127,621 Mr G J V Green - 127,621
21. Exercise price (if fixed at time of grant) or indication that price is to
be fixed at the time of exercise: Nil-cost Unapproved Options granted under the AGA Rangemaster Group plc 2010 Company Share Option Plan. 22. Total number of shares or debentures over which options held following notification:
Total number of options over ordinary shares of 46 7/8 pence each under
all approved share option schemes: Mr W B McGrath - 394,970 Mr S M Smith - 240,673 Mr M A Bufton - 167,895 Mr G J V Green - 174,395 23. Any additional information: The options will vest under normal circumstances, subject to the
achievement of the performance conditions, at the end of the three years
from the date of grant. For this grant of options, the performance
conditions are based on EPS growth (50% of the award) and TSR performance
achieved versus a comparator group (50% of the award). The number of
options that can be exercised by each director or PDMR is tested at the
end of the performance period, with a sliding scale operating from minimum to full vesting of conditional awards. No consideration is payable on the grant or the vesting of the options.
24. Name of contact and telephone for queries:
P M Sissons Company Secretary 01926 455755
Name and signature of duly authorised officer of issuer responsible for making notification.
……………………………………
P M Sissons Company SecretaryDate of notification: 17 April 2012
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