James Fisher and Sons Regulatory News (FSJ)

25 Mar 2008 16:49

Fisher (James) & Sons PLC25 March 2008 25 March 2008 James Fisher and Sons Public Limited Company (the "Company") Directors interest in shares The Company was notified on 25 March 2008 that the executive directors of theCompany had increased their holdings of Ordinary Shares of 25p each in theCompany ("Ordinary Shares") through the Company's Long Term Incentive Plan andShare Matching Scheme, following the satisfactory achievement of the relevantperformance conditions. This has been accomplished by the vesting of an aggregate of 135,468 OrdinaryShares at a deemed price of 622.67p being the average middle market price at theclose of business on 18, 19 and 20 March 2008, comprising the day of theannouncement of the 2007 preliminary results and the two subsequent businessdays. On 25 March 2008 an aggregate of 70,542 Ordinary Shares were sold at a price of622.67p per Ordinary Share, primarily to fund the tax liability resulting fromthe awards. Details of the Ordinary Shares vesting to each director are as follows: Number of Percentage Number of Beneficial Percentage of Ordinary of issued Ordinary interest in Issued Share Shares share Shares Ordinary Shares Capital following awarded capital retained following award awardT C 63,646 0.13 22,551 232,774 0.47Harris N P 27,762 0.05 16,380 45,683 0.09Henry M J 31,382 0.06 18,515 187,284 0.38Shields S A 12,678 0.03 7,480 18,116 0.04Harris The Company has granted options to the executive directors of the Company underthe Long Term Incentive Plan (2001) which was approved by shareholders in April2001 and the Executive Share Option Scheme (2005) which was approved byshareholders on 29 April 2005 and the Inland Revenue on 17 June 2005. Long Term Incentive Plan The options granted under the Long Term Incentive Plan have been granted at anexercise price of nil cost. The award is granted subject to the performanceconditions stipulated in the scheme rules and the option is exercisable on 25March 2011 assuming that the performance conditions are met. No consideration was paid for the grant of options. Executive Share Option Scheme The options granted under the Executive Share Option Scheme have been granted ata price of 622.67p per share, being the average middle market price of a shareover the three dealing days immediately preceding the date of grant. The awardis granted subject to the performance conditions stipulated in the scheme rulesand the option is exercisable from 25 March 2011 to 25 March 2018 assuming thatthe performance conditions are met. Details of the award under each of these schemes are as follows: Number of Ordinary Shares Options Granted over Total number of under Option pursuant to Ordinary Shares Ordinary Shares under the LTIP prior to the award pursuant to the LTIP Option pursuant to the LTIPT C 48,760 24,291 73,051Harris N P 45,229 16,060 61,289Henry M J 23,888 11,242 35,130Shields S A 20,676 9,475 30,151Harris Number of Ordinary Shares Options Granted Total number of under Option pursuant to the over Shares under Ordinary Shares under Executive Share Option the Executive Share Option under the scheme prior to the award Option Scheme Executive Share Option schemeT C 294,352 48,581 342,933Harris N P 102,147 32,120 134,267Henry M J 79,498 22,484 101,982Shields S A 58,923 18,951 77,874Harris This information is provided by RNS The company news service from the London Stock Exchange