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1 Aug 2014 14:38
DEVRO plc ("Devro" or "the Company")
1 August 2014
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility ("PDMRs") or Connected Persons
The Company has today been advised by Peter Page, Chief Executive, that on 31 July 2014 he conducted the following transactions in Devro plc 10p Ordinary Shares ("Shares").
1. He exercised a nil-priced option to acquire 58,025 Shares following the vesting of share awards under the Devro 2009 Deferred Share Bonus Plan.
2. He exercised a nil-priced option to acquire 21,900 Shares following the vesting of share awards under the Devro 2003 Performance Share Plan.
3. He sold 37,565 Shares at a price of £2.5344 per Share, in order to fund the payment of income tax and National Insurance arising on the above transaction, with the balance of the Shares (42,360 Shares) being transferred into the name of his wife.
After completing these transactions, the interest of Mr Page and his Connected Persons in Shares has increased to 642,440, being 0.38% of the Issued Share Capital of the Company.
Enquiries: John Meredith
Company Secretary
Tel: 01236 879191
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