Gusbourne Regulatory News (GUS)

9 Oct 2006 17:10

GUS PLC09 October 2006 GUS plc ("THE COMPANY") DIRECTOR/PDMR SHAREHOLDINGS In advance of the separation of Experian and Home Retail Group becomingeffective, the Company received notification on 6 October 2006 of the followingtransactions in its Ordinary shares of 29 3/43p each by directors and personsdischarging managerial responsibility. a) Transactions by directors of GUS plc (notification made in accordance with DR 3.1.4R(1)(b)) i) Release of awards under the Performance Share Plan - on 4 October 2006 In June 2004 the Company made awards under its Performance Share Plan todirectors with such awards taking the form of a deferred right to acquire sharesat no cost to the participant. As indicated previously, these awards vested onCourt sanction of the Scheme to the extent that the performance conditions hadbeen satisfied by that date. The conditions in respect of this award weresatisfied in part. Accordingly, on 4 October 2006, following Court sanction ofthe Scheme, the following transactions in the Company's shares took place: Name of director Plan shares Plan shares Plan shares retained released sold after release * John Peace 79,831 32,797 47,034 Terry Duddy 70,377 28,913 41,464 Don Robert 19,108 8,760 10,348 David Tyler 49,369 20,282 29,087 * The sale of shares took place on the London Stock Exchange on 4 October at aprice of 963.6486p per share to satisfy the tax and social security liabilitiesfalling due on the release of these shares and to cover the incidental costs ofthe disposal. The proportion of the award in respect of which the performance conditions werenot satisfied has lapsed. ii) Release of matching awards under the GUS Co-Investment Plan - on 5 October 2006 Name of director Matching shares Matching shares Matching shares released to retained by director director sold after release * Terry Duddy 59,377 24,394 34,983 David Tyler 207,282 85,157 122,125 * The sale of shares took place on the London Stock Exchange on 5 October at aprice of 984.3417p per share to satisfy the UK tax and national insuranceliabilities falling due on the release of these shares and to cover theincidental costs of the disposal. b) By persons discharging managerial responsibility (notification made in accordance with DR 3.1.4R(1)(a)) i) Release of awards under the Performance Share Plan - on 4 October 2006 Name of person Plan shares Plan shares Plan shares retained discharging released sold after managerial release * responsibility Christopher Callero 15,804 7,245 8,559 Paul Loft 15,230 6,257 8,973 John Saunders 18,907 7,768 11,139 Sara Weller 22,115 22,115 - * The sale of shares took place on the London Stock Exchange on 4 October at aprice of 963.6486p per share. In the case of Mr Callero, Mr Loft and MrSaunders, the sales were made to satisfy the tax and social security liabilitiesfalling due on the release of these shares and to cover the incidental costs ofthe disposal. The proportion of the award in respect of which the performance conditions werenot satisfied has lapsed. ii) Increase in number of shares held on exercise of share options On 2 October 2006, Paul Loft exercised options in respect of 4,394 shares in theCompany. These options were granted to him on 9 February 2001 at a price of 384pper share under the Company's SAYE share option scheme. iii) Exercise of share options and subsequent sale On 5 October 2006, Sara Weller exercised options in respect of 49,019 shares inthe Company. These options were granted on 24 November 2004 at a price of 867pper share under the Company's 1998 Approved and Non-Approved Executive shareoption schemes. Following this exercise Ms Weller immediately sold these shares on the LondonStock Exchange at a price of 979.07p per share. This information is provided by RNS The company news service from the London Stock Exchange