Last checked at 24 Nov 2017 07:00
24 November 2017
HELICAL PLC
("Helical" or "The Company")
Notification of Interests of Directors and Connected Persons
The Company was informed on 23 November 2017 that the following transactions had taken place:
1. Performance Share Plan 2014
On 23 November 2017 shares awarded under the terms of the Helical Bar plc Performance Share Plan 2014 were made available to directors and employees of the Company. These shares were originally allocated on 25 July 2014 and, having met their performance criteria such that 66.67% qualified for vesting, are available to be transferred to award holders, net of associated tax liabilities.
Shares originally awarded to directors and the net shares retained after the payment of associated tax liabilities are as follows:
Shares Awarded | Shares Vesting | Shares Retained | |
Michael Slade1 | 291,567 | 150,000 | 82,500 |
Gerald Kaye | 340,055 | 226,703 | 120,153 |
Tim Murphy | 235,055 | 156,703 | 83,052 |
Matthew Bonning-Snook | 314,245 | 209,497 | 111,033 |
1 The shares originally awarded to Michael Slade were pro-rated for the period he was an Executive Director.
The shares retained by award holders were provided by the Helical Bar plc Employee Share Ownership Plan Trust.
2. Director's Transaction
On 23 November 2017, Michael Slade sold 85,000 shares in Helical plc at 301.00p per share.
3. Directors' Interests in Shares
Shares Legally Held | Deferred Shares | Share Incentive Plan | Outstanding PSP Awards | ||
Michael Slade | 12,631,457 | (10.66%) | - | - | 375,214 |
Gerald Kaye | 1,574,326 | (1.33%) | 358,025 | 49,343 | 1,049,523 |
Tim Murphy | 636,120 | (0.54%) | 42,434 | 28,044 | 690,179 |
Matthew Bonning-Snook | 848,522 | (0.72%) | 314,374 | 48,903 | 922,675 |
For further information, please contact:
Tim Murphy (Finance Director)
| Tel: 020 7629 0113 |
Date of notification: 24 November 2017 |