18 Apr 2011 16:54
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 Mrs P M Sissons - 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: In respect of 3.
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:
Options granted under the AGA Rangemaster Group plc 2010 Company Share
Option Plan. 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: 18 April 2011
18. Period during which or date on which it can be exercised:
Awards normally vest three years after date of grant, subject to performance targets being met. To the extent that an award vests, it will be capable of exercise at any time from the time at which it vests until the tenth anniversary of the date of grant of the award 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 - 24,390 Mr S M Smith - 24,390 Mr M A Bufton - 16,260 Mr G J V Green - 16,260 Mrs P M Sissons - 8,130
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise: 123 pence per share fixed at time of grant 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 - 117,795 Mr S M Smith - 81,455 Mr M A Bufton - 70,293 Mr G J V Green - 64,293 Mrs P M Sissons - 41,144
23. Any additional information:
Vesting of the options granted under the 2010 CSOP is conditional upon an EPS based performance condition being achieved. The number of options that can be exercised by each director or PDMR is tested at the end of the three year performance period, with a sliding scale operating from minimum to full vesting of conditional awards. Full vesting is subject to superior EPS performance being achieved which is set on the date on which the option was granted.
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 Secretary
Date of notification: 18 April 2011
vendor