6 May 2015 07:02
Lavendon Group plc (the "Company")
Director and PDMR Announcement
This notification is made in accordance with DTR 3.1.4(1)(a).
Under the terms of the Lavendon Group plc 2006 Long Term Incentive Plan ("Plan"), awards granted on 11 April 2012 over ordinary shares of 1p each in the Company ("Ordinary Shares") have vested and were subsequently exercised on 5 May 2015. Within these awards, and in accordance with the rules of the Plan, additional awards representing the value of dividends that would have been paid on the vested shares during the period between the date of grant and the date of vesting of the awards have been made. A summary of the awards vested and exercised is given below:
Basic Award | Dividend Equivalent | Total Award | ||
Don Kenny | Group Chief Executive | 157,362 | 10,317 | 167,679 |
Alan Merrell | Group Finance Director | 114,899 | 7,533 | 122,432 |
Gonzague Depraetere | Managing Director - France | 34,320 | 2,250 | 36,570 |
Hayley Holloway | Group HR Director | 25,740 | 1,688 | 27,428 |
Mike Evenson | Group Performance Improvement Director | 17,160 | 1,125 | 18,285 |
The Company has been notified that on 5 May 2015 the following Ordinary Shares were sold at a price of 177 pence per share.
Shares Disposed | ||
Don Kenny | Group Chief Executive | 91,120 |
Alan Merrell | Group Finance Director | 66,533 |
Gonzague Depraetere | Managing Director - France | 36,570 |
Hayley Holloway | Group HR Director | 27,428 |
Mike Evenson | Group Performance Improvement Director | 18,285 |
Following the exercise of awards under the Plan and the subsequent sale of shares, the beneficial interests of these individuals in the share capital of the Company and their remaining interests in share incentive schemes over Ordinary Shares in the Company are detailed below:
Ordinary Shares | Share Incentive Scheme Awards Outstanding | ||
Don Kenny | Group Chief Executive | 389,147 | 326,151 |
Alan Merrell | Group Finance Director | 245,899 | 238,242 |
Gonzague Depraetere | Managing Director - France | - | 117,334 |
Hayley Holloway | Group HR Director | - | 54,000 |
Mike Evenson | Group Performance Improvement Director | - | 36,000 |
For further information please contact:
Lavendon Group plc Don Kenny, Chief Executive Alan Merrell, Group Finance Director | T: +44(0)1455 558874 |
FTI Consulting Jonathon Brill/Alex Beagley |
T: +44(0)203 727 1000 |
For and on behalf of Lavendon Group plc
6 May 2015