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30 May 2012 15:45
30 May 2012
Johnston Press plc (the "Company")
Director's Share Purchase
The Company announces that Ashley Highfield, Chief Executive Officer, purchased 139,373 ordinary shares at a price of 7.125 pence per share on 29 May 2012. He had previously purchased a total of 711,818 shares prior to joining the Company in November 2011. On 11 November 2011 Mr Highfield was granted an award under the Johnston Press Performance Share Plan 2006 (the "PSP") in respect of 10,471,204 ordinary shares in the Company, subject to the achievement of the performance criteria and to him remaining employed within the Company's group. These PSP awards will normally vest on the later of 11 November 2014 and the date that the Remuneration Committee determines the extent to which the performance conditions have been satisfied. Mr Highfield's resulting beneficial interest is shown below.
Name | Total Number of Shares Purchased | Resulting Beneficial Interest | Total Interest Including Non – Beneficial
|
A Highfield | 139,373 | 851,191 | 17,062,989 |
* Total Interest Including Non-Beneficial: This includes shares held by Johnston Press Employee Share Trust (a Jersey Trust) which holds shares in order to satisfy awards under the Company's PSP (Including the PSP award to Mr. Highfield referred to above) and Deferred Share Bonus 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).
Contact:-
Peter McCall, Company Secretary
Telephone 0131 225 3361
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