26 Nov 2014 16:30
Dairy Crest Group plc ("Dairy Crest")
Dealings by Directors
Dairy Crest's 2011 Deferred Bonus Plan ("2011 DBP") and 2011 Long Term Incentive Share Plan ("2011 LTISP") both vested following the announcement by the Company on 6 November 2014 of its agreement, conditional on the approval of the relevant competition authorities and of shareholders, to sell the assets of its Dairies operations to Müller UK & Ireland Group.
On 26 November 2014 Dairy Crest's three Executive Directors, Mark Allen, Tom Atherton and Martyn Wilks informed Dairy Crest that on 25 November 2014 they had exercised the following nil-cost options over Dairy Crest ordinary 25 pence shares under the 2011 DBP and 2011 LTISP.
2011 DBP* | 2011 LTISP* | |
Mark Allen | 6,135 | 38,910 |
Tom Atherton | 5,201 | |
Martyn Wilks | 4,146 | 26,030 |
*Includes value in shares of dividends during the period from grant to exercise
Following exercise of their options under the 2011 DBP and 2011 LTISP, on 25 November 2014 Dairy Crest's Executive Directors sold the following Dairy Crest shares in order to meet the income tax and national insurance liabilities arising on exercise.
No. of shares disposed | Percentage of issued class disposed | Price at which disposed (per share) | |
Mark Allen | 21,180 | 0.015 | £5.007 |
Tom Atherton | 2,451 | 0.002 | £5.007 |
Martyn Wilks | 14,191 | 0.010 | £5.007 |
Following the above mentioned exercise and sale of Dairy Crest shares, Dairy Crest's Executive Directors retain the following interests in shares of the Company.
Total holding following notification | Total percentage holding following notification | Total number of shares over which options held following notification | |
Mark Allen | 167,663 | 0.122 | 257,701 |
Tom Atherton | 6,097 | 0.004 | 58,633 |
Martyn Wilks | 62,396 | 0.046 | 172,321 |
Robin Miller - Company Secretary
For further information:
Arthur Reeves, Dairy Crest 01372 472236
Tim Danaher, Brunswick 020 7404 5959