Last checked at 7 Aug 2009 07:00
7 August 2009
Big Yellow Group PLC
Director/PDMR shareholding, transfer of treasury shares and issue and application for listing of shares
Big Yellow Group PLC (the "Company") announces that following approval of the Big Yellow Long Term Bonus Performance Plan (the "Plan") at the Company's Annual General Meeting on 3 July 2009, the following awards over shares in the Company ("Shares") were made to the Company's four executive Directors on Thursday 6 August 2009 as follows:
| Director | Number of shares in which the Director has an interest | Maximum potential payout after three years |
| Nicholas Vetch | 500,000 | £1,000,000 |
| James Gibson | 500,000 | £1,000,000 |
| Adrian Lee | 250,000 | £500,000 |
| John Trotman | 250,000 | £500,000 |
Awards were made by the Company's employee benefit trust operated by Barclays Wealth Trustees (Guernsey) Limited (the "Employee Benefit Trust"). Participants have agreed to pay 26 pence per Share under award, or such other amount as is agreed with HMRC as the value of the interest.
Transfer of treasury Shares to Employee Benefit Trust
The Company also announces that on Thursday 6 August 2009, 100,000 Shares were transferred from treasury to the Employee Benefit Trust. No consideration was payable for the transfer. Following this transfer the Company no longer holds any Shares in Treasury.
Issue of Shares to Employee Benefit Trust and application for listing of new Shares
The Company issued 1,090,000 Shares to the Employee Benefit Trust on Thursday 6 August 2009 at 368.8 pence per Share to satisfy (in conjunction with Shares already held by the Employee Benefit Trust and the treasury Shares referred to above) the awards made to Directors and other employees under the Plan. An application has been made to the UK Listing Authority and the London Stock Exchange to admit the 1,090,000 Shares issued to the Employee Benefit Trust to the official list and admit to trading on The London Stock Exchange. The application is expected to become effective on 12 August 2009.
| Enquiries | |
| John Trotman, Chief Financial Officer | 01276 477 811 |
| Michael Cole, Company secretary | 01276 477 811 |