Last checked at 12 Dec 2016 11:15
12 December 2016
HELICAL PLC
("Helical" or "The Company")
Notification of Interests of Directors and Connected Persons
The Company was informed on 9 December 2016 that the following transactions had taken place:
1. Performance Share Plan 2004
On 9 December 2016 shares awarded under the terms of the Helical Bar plc Performance Share Plan 2004 were made available to directors and employees of the Company. These shares were originally allocated on 25 June 2013 and, having met their performance criteria such that 100% 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 Retained | ||
Gerald Kaye | 475,384 | 251,953 | |
Tim Murphy | 307,692 | 163,076 | |
Matthew Bonning-Snook | 380,307 | 201,562 | |
Duncan Walker | 307,692 | 163,076 |
The shares retained by award holders were provided by the Helical Bar plc Employee Share Ownership Plan Trust.
2. Deferred Shares
On 9 December 2016 shares awarded under the terms of the Helical Bar Annual Bonus Scheme 2012 and the Executive Bonus Plan 2011 were made available to directors of the Company. These shares were originally awarded to directors on 25 June 2013 as part of the annual bonuses for the year to 31 March 2013 and, having been deferred for three years, are available to be transferred to award holders, net of associated tax liabilities.
Shares originally awarded to directors, accrued dividend shares and the net shares retained after payment of associated tax liabilities are as follows:
Shares Awarded | Dividend Shares Accrued | Shares Retained | |||
Gerald Kaye | 90,282 | 7,162 | 51,645 | ||
Tim Murphy | 6,731 | - | 3,567 | ||
Matthew Bonning-Snook | 90,282 | 7,162 | 51,645 | ||
Duncan Walker | 29,738 | 2,359 | 17,011 |
3. Share Incentive Plan
On 9 December 2016, under the rules of the Helical plc Share Incentive Plan (the "Plan"), Helical Bar Trustees Limited, using contributions to the Plan by directors and employees matched in a 2:1 ratio by the Company, awarded 13,155 ordinary shares to directors and employees at the closing mid-market price on 8 December 2016 of 297.75p.
Shares awarded to the directors were as follows:
Director | Number of Shares |
Gerald Kaye | 453 |
Tim Murphy | 453 |
Matthew Bonning-Snook | 453 |
Duncan Walker | 453 |
4. Directors' Interests in Shares
Shares Legally Held | Deferred Shares | Share Incentive Plan | Outstanding PSP Awards | ||
Gerald Kaye | 1,386,145 | (1.17%) | 321,300 | 45,700 | 944,266 |
Tim Murphy | 553,068 | (0.47%) | - | 24,958 | 652,703 |
Matthew Bonning-Snook | 673,366 | (0.57%) | 299,113 | 45,271 | 872,608 |
Duncan Walker | 493,596 | (0.42%) | 240,938 | 27,711 | 740,572 |
For further information, please contact:
Tim Murphy (Finance Director)
| Tel: 020 7629 0113 |
Date of notification: 12 December 2016 |