23 Apr 2010 11:20
CARE UK PLC
Director/PDMR Shareholding
This notification is made in accordance with DTR 3.1.4(1)(a).
On 10th March 2010 the proposed acquisition of Care UK Plc (the "Company") by Warwick Bidco Limited was announced, to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006. On 22nd April 2010 the Court sanction of the Scheme of Arrangement was obtained and, as a result, exercise of the following awards over ordinary shares in the Company became effective under the Care UK Long-Term Incentive Plan, the Care UK Executive Share Option Scheme and the Care UK 2006 Sharesave Plan (the "SAYE scheme") and awards vested under the Care UK Deferred Share Bonus Plan in respect of Directors of the Company and other Persons Discharging Managerial Responsibility ("PDMRs").
As a result of the above vesting of awards and exercise of options, a total of 415,179 additional ordinary 10p shares have been allotted and issued to the trustee of the Care UK Employee Benefit Trust in which the Directors and PDMRs listed are interested.
| Name of Director | Number of shares exercised under the Care UK Long-Term Incentive Plan | Number of shares vesting under the Care UK Deferred Share Bonus Plan | Number of shares exercised under the Care UK Executive Share Option Scheme |
| Mike Parish | 155,938 | 35,138 | - |
| Paul Humphreys | 78,174 | 21,258 | - |
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| Name of other PDMR
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| Geoff Benn | 37,196 | 9,702 | 27,548 |
| Andrew Russell | 31,659 | 11,652 | 28,800 |
| Richard Jackson | 42,903 | 1,887 | - |
| Mark Hunt | 42,933 | 24,187 | - |
| Grant Rex | 19,454 | 10,558 | - |
No consideration was paid for either exercise of options under the Care UK Long-Term Incentive Plan or vesting of awards under the Care UK Deferred Share Bonus Plan. An exercise price of £3.67 per share was paid for the exercise of options under the Care UK Executive Share Option Scheme.
| Name of Director | Number of shares exercised under the SAYE Scheme | Option price per share £ |
| Mike Parish | 933 | 2.41 |
| Paul Humphreys | 933 | 2.41 |
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| Name of other PDMR
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| Geoff Benn | 746 301 | 2.41 3.54 |
| Andrew Russell | 933 | 2.41 |
| Richard Jackson | 933 | 2.41 |
| Mark Hunt | 933 | 2.41 |
| Grant Rex | 933 | 2.41 |
The SAYE Scheme options were exercised at the exercise price shown above.
All the above shares will be held by the trustee of the Care UK Plc Employee Benefit Trust (the "Trustee") for the benefit of participants. The Trustee will remit the proceeds it will receive in accordance with the Scheme of Arrangement to the Company for payment to the participants.
Name of contact and telephone number for queries: .
For and on behalf of Care UK Plc
Jonathan Calow (0118-952-1809)
Date: 23rd April 2010