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21 Dec 2012 16:14
Johnston Press plc (the "Company")
DIRECTOR'S/PDMR SHAREHOLDINGS
The Company announces that on 21 December 2012 Ashley Highfield, Chief Executive Officer was granted an award over ordinary shares of 10p each in the Company under the terms of the Johnston Press Performance Share Plan 2006 (the "PSP"). No consideration was paid for the grant of the PSP awards.
Name | Total number of shares awarded | Beneficial Interest* | Total Interest Including Non-Beneficial** |
A Highfield | 180,000 | 1,016,270 | 17,214,781 |
Subject to the achievement of the performance criteria, the PSP awards will normally vest on 21 December 2015 and may, to the extent vested, be exercised during the 12 month period ending 20 December 2016. No consideration is payable on the exercise of the PSP awards. Since his appointment Mr Highfield has purchased a total of 1,016,270 ordinary shares in the Company. Under the terms of his contract the Company has granted PSP awards on a two for one matching basis in respect of those purchased shares. This award represents the matching element of a purchase of 90,000 shares by Mr Highfield announced on 15 October 2012.
* Beneficial Interest: This includes shares held in trust under the Johnston Press Share Incentive Plans, which holds shares to satisfy awards under those plans (open to all eligible employees in the United Kingdom).
** Total Interest Including Non-Beneficial: This includes shares held by Johnston Press plc Employee Share Trust (a Jersey Trust) which holds shares in order to satisfy awards under the Company's Performance Share Plan for executives and the Irish Restricted Stock Unit Scheme (open to all eligible employees in the Republic of Ireland).
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
21 December 2012
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