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23 May 2013 16:32
Johnston Press plc (the "Company")
DIRECTORS'/PDMR SHAREHOLDINGS
The Company announces that on 22 May 2013 the following directors and senior executives were granted nil-cost options over ordinary shares of 10p each in the Company to give effect to the deferral of a proportion of bonus on 15 April 2013 under the terms of the Johnston Press Deferred Share Bonus Plan (the "DSBP"). These options relate to the deferred element of the bonus for the period ending 29 December 2012, as reported in the Company's Annual Report for that year. The deferral of bonus under the DSBP was made when the cash element of bonus was paid on 15 April 2013 when the share price was 15.62 pence per share. This price was used to calculate the number of shares over which DSBP awards were granted as permitted under the rules of the DSBP. The Committee was prohibited from making the awards under the DSBP at that time. No further consideration was paid for the grant of the DSBP awards.
Total number of
Name Options awarded
A Highfield 608,194
N Jones 68,578
H Faure Walker 65,492
P McCall 41,376
N Mills 48,350
Subject to the rules of the DSBP, the awards will normally vest on 15 April 2016 subject only to continued service in the group and may be exercised during the 2 year period ending 14 April 2018. No consideration is payable on the exercise of the DSBP awards.
This notification is made in accordance with DR3.1.4R(1)(a)
For further enquiries please contact the Company Secretary:
Peter McCall T: 0131 225 3361
23 May 2013
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