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20 May 2015 17:06
20 May 2015
Johnston Press plc (the "Company")
Announcement to the London Stock Exchange
This notification is made in accordance with DTR 3.1.4(1)(a).
On 11 November 2011, an award was granted under the Johnston Press Performance Share Plan 2006 (the "Plan") to Ashley Highfield, the Chief Executive Officer of the Company.
The award was granted in the form of a nil-cost option.
The award became exercisable on 11 November 2014 for a period of 12 months. On 14 May 2015 Ashley Highfield exercised his award over 363,244 ordinary shares of 1 pence each in the Company as set out in the table below. Ashley Highfield then sold a proportion of the shares acquired as shown in the table below. The disposal was made on the London Stock Exchange and completed on 20 May 2015.
On 14 May 2015, John Bills, Group Managing Director and Peter McCall, Company Secretary of the Company also exercised awards under the Plan over ordinary shares of 1 pence each in the Company, granted on 21 April 2011. The individuals then sold all or a proportion of the shares acquired as set out in the table below. The disposals were made on the London Stock Exchange and completed on 20 May 2015.
Name | PDMR | Total number of shares acquired on exercise | Number of shares disposed of | Sale price per share on disposal |
Ashley Highfield | Chief Executive Officer | 363,244 | 171,0681 | £1.51 |
John Bills | Group Managing Director | 4,828 | 4,828 | £1.51 |
Peter McCall | Company Secretary | 5,319 | 2,2391 | £1.51 |
The Company was informed by the relevant PDMRs of the above transactions on 20 May 2015.
Name of contact and telephone number for queries:
Peter McCall (Company Secretary) on 0131 311 7500.
Zoë Pocock (Bell Pottinger) on 020 3772 2574
For and on behalf of Johnston Press plc
Peter McCall
Company Secretary1 These shares were sold to satisfy Ashley Highfield’s and Peter McCall's tax liabilities only.
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