GYG.L Regulatory News (GYG)

2 Jun 2005 16:48

Gyrus Group PLC02 June 2005 GYRUS GROUP PLC ("Gyrus" or "the Company") 2 June 2005 Notification Of Interests Of Directors And Connected Persons The Company advises that on 1 June 2005 under its annual grant to employees theCompany granted Conditional Awards to acquire ordinary 1p shares to thefollowing executive directors: B.J. Steer (Executive Chairman): 39,690 ordinary shares, total market value ofthe shares under the conditional award is £104,186 G.R. Davis (Chief Operating Officer): 29,160 ordinary shares, total market valueof the shares under the conditional award is £76,545 S.J.B. Shaw (Group CFO): 25,643 ordinary shares, total market value of theshares under the conditional award is £67,313 The market value of the shares is based on 262.5 pence per share. These awards were made under the Gyrus 2005 Long Term Incentive Plan approved byshareholders at the Company's Annual General Meeting on 25 April 2005. Therelevant performance conditions were also approved by shareholders at that time. The total resultant holdings of the executive directors following thisnotification are as follows: Mr Steer: 552,865 (0.66%) of the issued share capital of the Company, shareoptions over 644,547 ordinary shares (0.77%) and conditional awards over 39,690ordinary shares (0.05%). Mr Davis: holds no ordinary shares but has share options over 215,683 (0.26%)ordinary shares and conditional awards over 29,160 (0.03%) ordinary shares. Mr Shaw: 10,000 (0.01%) of the issued ordinary share capital of the Company,share options over 200,603 (0.24%) ordinary shares and conditional awards over25,643 (0.03%) ordinary shares. Enquiries: Trudy RankinGyrus Group PLCTel: 01189 219750 This information is provided by RNS The company news service from the London Stock Exchange