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27 Aug 2008 14:22
1. Name of the issuer
Cosalt plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
In respect of (iii)
3. Name of person discharging managerial responsibilities/director
Mr M Reynolds
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
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 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
New Ordinary of 25p shares - CSLR
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
8 State the nature of the transaction
Award of Nil Cost Options under Long term Incentive Plan
9. Number of shares, debentures or financial instruments relating to shares acquired
M Reynolds 91,768 Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
Number of Shares Awarded based on 246p
14. Date and place of transaction
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
16. Date issuer informed of transaction
13 August 2008
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
13 August 2008
18. Period during which or date on which it can be exercised
-
Shall become Vested Award Shares on the third anniversary of the award subject to achievement of performance criteria
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
Ordinary Shares of 25p
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
91,768
23. Any additional information
-
24. Name of contact and telephone number for queries
A J Robson 01472 504504
Name and signature of duly authorised officer of issuer responsible for making notification.
A. J Robson
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