Last checked at 25 Nov 2015 12:10
Date: 25 November 2015
Big Yellow Group PLC
Director/PDMR Shareholding
Big Yellow Group PLC ('the Company') announces that on 23 November 2015 ordinary 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 21 November 2012 as follows:
Director | Number of shares in which award has vested and been exercised for nil cost | 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 | 84,846 | (39,958) | - | 22,444 | 22,444 |
James Gibson | 122,555 | (57,715) | (30,000)
| 2,420 | 32,420 |
Adrian Lee | 84,846 | (39,958) | -
| 22,444 | 22,444 |
John Trotman | 84,846 | (39,958) | (15,000)
| 7,444 | 22,444 |
The share price as at the date of exercise was 771.69 pence, which was also the average share price received on the disposals on 23 and 24 November set out above. 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 a further year.
In conjunction with the vesting of the awards, the Directors' interest in shares subject to the LTBPP awards, as disclosed on page 81 of the 2015 Annual Report & Accounts, has reverted to the Company's employee benefit trust, for nil consideration.
The Company also announces that on 25 November 2015, James Gibson, Chief Executive Officer sold the remaining 2,420 unrestricted shares at an average price of 766.70 pence.
The Directors' holdings subsequent to the above are shown below:
Director | Holding in the Company (no of shares) | Revised holding in the Company (%) |
Nicholas Vetch | 9,005,371 | 5.73% |
James Gibson | 2,476,735 | 1.57% |
Adrian Lee | 830,435 | 0.53% |
John Trotman | 144,658 | 0.09% |
Contact:
John Trotman Chief Financial Officer | 01276 477811 |
Shauna Beavis Company Secretary | 01276 477811 |