Last checked at 23 Sep 2015 15:00
Intertek Group PLC
23 September 2015
Intertek Group plc (the 'Company')
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.2 R
Director/PDMR: André Lacroix
Edward Leigh
On 22 September 2015, under the terms of the Intertek 2011 Long Term Incentive Plan (the 'Plan'), André Lacroix and Edward Leigh received the following rights to acquire ordinary shares of 1p each in the Company.
Name
|
Number of LTIP Awards
|
André Lacroix | 90,440 |
Edward Leigh | 32,336 |
The LTIP Awards shall normally vest three (3) years from the grant date, subject to continued employment with the Intertek Group and subject to the achievement of performance targets which are based 50% on EPS and 50% on TSR. The EPS target range for the awards is 4% per annum growth for threshold performance and 10% per annum growth for maximum performance. The TSR criterion is based on a comparator group of companies ranked 31 to 130 in the FTSE Index as at 31 December 2014 excluding investment trusts, banks and Intertek. The TSR target range is between 25% for median performance up to 100% for upper quartile performance. The awards were granted on the basis of an average share price of £24.74.
No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.
Following this notification, André Lacroix has a total interest under all share plans of 273,589 and Edward Leigh has a total interest of 49,615 shares.