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17 Nov 2008 12:55
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12 CHARTERHOUSE SQUARE,Β LONDONΒ EC1M 6AXTELEPHONE: +44 (0)20 7549 5700FACSIMILE: +44 (0)20Β 7549 5715
FOR IMMEDIATE RELEASE
17 NovemberΒ 2008
DIPLOMA PLC -Β DIRECTORS' INTERESTS IN SHARES
Diploma PLC, the internationalΒ group ofΒ specialised distributionΒ businesses,Β has today been notified that the following Directors have received ordinary shares in the Company as set out below:
|
Received |
Market price |
|||
|
BM Thompson |
188,099 |
ordinary sharesΒ of 5p each |
114.0p |
|
|
I Henderson |
112,729 |
ordinary sharesΒ of 5p each |
114.0p |
|
|
NP Lingwood |
112,729 |
ordinary sharesΒ of 5p each |
114.0p |
|
The shares were received pursuant to the vesting of an award of shares made on 1 December 2005 under the Company's Long Term Incentive Plan ("LTIP"). The vesting of the award was subject to performance conditions as set out in the LTIP and measured over a three year period ended 30 September 2008. Further details relating to the performance conditions will be set out in the Annual Report 2008, which will be posted to shareholders on 1 December 2008.
The shares were transferred to the Directors by Ogier Employee Benefit TrusteeΒ Limited, as trustee of the Diploma Employee Benefit Trust ("the Trust").Β Accordingly the number of ordinary shares in the Company held by the Trust has, followingΒ this transfer, been reduced byΒ 413,557Β toΒ 868,263 shares.
Each of the Executive Directors of the Company, BM Thompson, I Henderson, Β NP Lingwood, is deemed to be beneficially interested in all the shares held in the Trust from time to time by virtue of being a potential beneficiary under the Trust.
For further enquiries please contact:
Bruce Thompson, ChiefΒ Executive Officer 020 7549 5700
Nigel Lingwood, Group Finance Director 020 7549 5705
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