Last checked at 17 Mar 2015 17:12
17 March 2015
Hill & Smith Holdings PLC
Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules
Hill & Smith 2007 Long-Term Incentive Plan
LTIP Vesting - 2012 Award
In clarification of the Director/PDMR Shareholding announcement published at 10:58am on 16 March 2015
(RNS Number: 5241H), the number of shares detailed as vested and repeated below were vested net of tax and national insurance liability payable by the individual and not subsequent to a separate disposal of shares at 594p each.
| Shares Vested under 2012 award |
D W Muir | 67,956 |
M Pegler | 43,332 |
M A Tonks | 31,980 |
Hill & Smith 2014 Long-Term Incentive Plan
LTIP Award - 13 March 2015
On 13 March 2015 the Board of Hill & Smith Holdings PLC ("Hill & Smith" or the "Company") approved the grant of awards in the form of nil-cost options over ordinary shares in the Company in accordance with the provisions of the Hill & Smith Holdings 2014 Long Term Incentive Plan (the "LTIP").
Mr D W Muir has been granted a nil-cost option over 72,805 ordinary shares, Mr M Pegler has been granted a nil-cost option over 46,583 ordinary shares and Mr M A Tonks has been granted a nil-cost option over 33,902 ordinary shares.
Mr Muir, Mr Pegler and Mr Tonks are persons discharging managerial responsibilities of the Company.
The awards were based on a share price of 638.0p, being the average of the mid-market prices for the three trading days prior to the grant date of 13 March 2015.
Under the rules of the LTIP and the Company's Remuneration Policy, the vesting of the Awards is subject to the achievement of set performance conditions which are based upon the growth in the Company's underlying earnings per share and its total shareholder return, over the three year period commencing on 1 January 2015 (the "Vesting Period"). The awards will (subject to the achievement of the performance conditions) vest following the end of the Vesting Period.
Following the grant of these Awards, Mr Muir, Mr Pegler and Mr Tonks have the following interests in the Company's shares:
Individual | Number of shares in which there is a beneficial interest | Total number of shares awarded or subject to options under the LTIP | Total number of shares awarded or subject to options under the ESOS and SAYE Schemes |
Mr D W Muir | 211,698 | 251,252 | 14,786 |
Mr M Pegler | 94,730 | 160,692 | 11,693 |
Mr M A Tonks | 52,454 | 71,502 | 12,852 |
Enquiries:
Alex Henderson
Company Secretary
Tel: +44 (0) 121 704 7430