19 Nov 2014 15:00
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
In accordance with the requirements of DTR Rule 3.1.4R, the Company wishes to notify the following changes in the interests in ordinary shares of 5p each in the Company ("Shares") of the following directors and persons discharging managerial responsibilities ("PDMRs").
Until June 2014, the Company had been in a prolonged restricted period meaning that the proposed long-term incentive awards to the directors had to be included within our remuneration policy which was submitted to and approved by the shareholders at the 2014 annual general meeting. While the shareholders approved the remuneration policy (as announced on 10 June 2014), the Company (through the Remuneration Committee) decided to re-engage with its shareholders to understand better their views on the policy. As a result of this consultation, a number of changes have been made to the Company's remuneration policy and the following grants of incentives have been made accordingly.
All relevant boxes should be completed in block capital letters.
1. | Name of the issuer
| 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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LAMPRELL PLC | (i) Transaction notified in accordance with DTR 3.1.2 R | ||
3. | Name of person discharging managerial responsibilities/director
| 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
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JOHN KENNEDY JAMES MOFFAT | NO | ||
5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1 | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares |
N/A | N/A | ||
7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them | 8. | State the nature of the transaction
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N/A | N/A | ||
9. | Number of shares, debentures or financial instruments relating to shares acquired
| 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
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N/A | N/A | ||
11. | Number of shares, debentures or financial instruments relating to shares disposed | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
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N/A | N/A | ||
13. | Price per share or value of transaction
| 14. | Date and place of transaction
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N/A | N/A | ||
15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
| 16. | Date issuer informed of transaction
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N/A | N/A |
If a person discharging managerial responsibilities has been granted options by the issuer
complete the following boxes:
17. | Date of grant
| 18. | Period during which or date on which exercisable
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18 NOVEMBER 2014 | 18 NOVEMBER 2017 | ||
19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number)
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NIL | GRANT OF CONDITIONAL AWARD OF SHARES UNDER THE LAMPRELL PLC 2009 RETENTION SHARE PLAN
JOHN KENNEDY 122,499 | ||
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 22. | Total number of shares or debentures over which options held following notification |
NIL | (ORDINARY SHARES OF 5P EACH)
JOHN KENNEDY 122,499 | ||
23. | Any additional information
| 24. | Name of contact and telephone number for queries |
N/A | ALEX RIDOUT +971 4 803 9308 |
25. | Date of grant
| 26. | Period during which or date on which exercisable
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18 NOVEMBER 2014 | 18 NOVEMBER 2017 | ||
27. | Total amount paid (if any) for grant of the option | 28. | Description of shares or debentures involved (class and number)
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NIL | GRANT OF CONDITIONAL AWARD OF SHARES UNDER THE LAMPRELL PLC 2006 EXECUTIVE SHARE OPTION PLAN
JAMES MOFFAT 340,855 | ||
29. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 30. | Total number of shares or debentures over which options held following notification |
141.25p | (ORDINARY SHARES OF 5P EACH)
JAMES MOFFAT 340,855 | ||
31. | Any additional information
| 32. | Name of contact and telephone number for queries |
Due to the delay in awarding these options that were committed to be awarded on 1 March 2013, a cash compensatory award will be made, representing the difference in share price from 1 March 2013 to the date of grant, vesting on 1 March 2016 subject to achievement of the performance condition and the share price on 1 March 2016. | ALEX RIDOUT +971 4 803 9308 |
33. | Date of grant
| 34. | Period during which or date on which exercisable
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18 NOVEMBER 2014 | IMMEDIATELY FOLLOWING ANNOUNCEMENT BY COMPANY OF THE RESULTS FOR FINANCIAL PERIOD ENDING 31 DECEMBER 2015 | ||
35. | Total amount paid (if any) for grant of the option | 36. | Description of shares or debentures involved (class and number)
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NIL | GRANT OF CONDITIONAL AWARD OF SHARES UNDER THE LAMPRELL PLC 2008 PERFORMANCE SHARE PLAN
JAMES MOFFAT 321,691 | ||
37. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 38. | Total number of shares or debentures over which options held following notification |
NIL | (ORDINARY SHARES OF 5P EACH; INCLUDING GRANT UNDER BOX 28)
JAMES MOFFAT 662,546 | ||
39. | Any additional information
| 40. | Name of contact and telephone number for queries |
N/A | ALEX RIDOUT +971 4 803 9308 |
41. | Date of grant
| 42. | Period during which or date on which exercisable
|
18 NOVEMBER 2014 | 18 NOVEMBER 2017 | ||
43. | Total amount paid (if any) for grant of the option | 44. | Description of shares or debentures involved (class and number)
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NIL | GRANT OF CONDITIONAL AWARD OF SHARES UNDER THE LAMPRELL PLC 2008 PERFORMANCE SHARE PLAN
JAMES MOFFAT 321,691 | ||
45. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 46. | Total number of shares or debentures over which options held following notification |
NIL | (ORDINARY SHARES OF 5P EACH; INCLUDING THE GRANTS UNDER BOXES 28 AND 36)
JAMES MOFFAT 984,237 | ||
47. | Any additional information
| 48. | Name of contact and telephone number for queries |
N/A | ALEX RIDOUT +971 4 803 9308 |
Name of authorised official of issuer responsible for making notification : ALEX RIDOUT
Date of notification: 19 November 2014
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