Last checked at 21 Aug 2012 16:32
Date: 21 August 2012
Big Yellow Group PLC
Director/PDMR Shareholding
Big Yellow Group PLC ('the Company') announces that on 20 August 2012 shares in the Company ("Shares") were acquired by the Company's Executive Directors under awards over Shares made under the Big Yellow Long Term Bonus Performance Plan (the "Plan") on 6 August 2009 as follows:
Director | Number of shares in which Director was awarded an interest | Number of shares in which each Director's interest has vested | Number of shares sold in order to pay taxes and costs | Sale of unrestricted shares | Net number of Shares retained by Director | |
Unrestricted | Restricted | |||||
Nicholas Vetch | 500,000 | 350,497 | (58,417) | - | 237,169 | 54,911 |
James Gibson | 500,000 | 350,497 | (240,674) | (54,911) | Nil | 54,911 |
Adrian Lee | 250,000 | 175,248 | (120,337) | (27,456) | Nil | 27,456 |
John Trotman | 250,000 | 175,248 | (120,337) | (12,000) | 15,456 | 27,456 |
Mr Vetch sold sufficient shares to repay amounts owing to the Company's Employee Trust for the original purchase of the interests under the Plan (the Further Amount) and then paid the tax and national insurance arising on the vesting of the Plan of £561,000 from his own resources to enable him to retain a greater number of the vested shares.
Of the net number of shares retained by each Director listed in the table above, the restricted shares must be retained for a holding period during which time the Director will not be entitled to sell them. Half of the restricted shares will be restricted for one year and the other half of the restricted shares will be restricted for two years.
The Directors' holdings subsequent to the above are shown below:
Director | Holding in the Company (no of shares) | Holding in the Company (%) |
Nicholas Vetch | 9,090,000 | 6.98% |
James Gibson | 2,524,630 | 1.94% |
Adrian Lee | 932,548 | 0.72% |
John Trotman | 67,021 | 0.05% |
Contact:
John Trotman Chief Financial Officer | 01276 477811 |
Shauna Beavis Company Secretary | 01276 477811 |