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21 Jul 2015 16:23
Big Yellow Group PLC
Big Yellow Group PLC - Director/PDMR Shareholding
21 July 2015
Big Yellow Group PLC ("the Company") announces that on 21 July 2015 the following Executive Directors were granted nil paid options under the Company's Long Term Incentive Plan:
Director | Number of ordinary shares of 10p over which options granted | Total number of ordinary shares over which options are held under the LTIP following this notification |
Nicholas Vetch | 38,112 | 233,063 |
James Gibson | 41,801 | 255,613 |
Adrian Lee | 30,980 | 179,838 |
John Trotman | 30,980 | 177,775 |
The options are exercisable from 21 July 2018 to 20 July 2025, subject to performance criteria being met.
2015 LTBPP awards
The Company also announces that on 21 July 2015 the following Executive Directors were granted awards under the Company's 2015 Long Term Bonus Performance Plan ("LTBPP") approved by shareholders at the 2015 AGM.
Under the LTBPP, the Directors will share in an aggregate award of 450% of base salary across all four Directors ("LTBPP Award Pool"), over a three year performance period, subject to meeting performance targets.
Director | % share of LTBPP Award Pool | Maximum award value after three years |
Nicholas Vetch | 22.5% | £996,900 |
James Gibson | 32.5% | £1,440,000 |
Adrian Lee | 22.5% | £996,900 |
John Trotman | 22.5% | £996,900 |
The proportion of the LTBPP Award that vests will be converted into nil cost options with the number of shares calculated based on the share price at the date of vesting. 50% of any award that vests (after permitted sales to meet any tax liabilities) will be subject to a further two year holding period (half of the shares must be held for a further year and the other half for a further two years).
Enquiries: | |
John Trotman, Chief Financial Officer | 01276 477811 |
Shauna Beavis, Company Secretary | 01276 477811 |
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