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2 May 2013 15:24
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2 May 2013
Lavendon Group plc
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Director and PDMR Shareholdings
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This notification is made in accordance with DTR 3.1.4(1)(a).
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Under the terms of the Lavendon Group plc 2006 Long Term Incentive Plan ("Plan"), awards, granted on 23 April 2010, over ordinary shares of 1p each in the Company ("Ordinary Shares") have vested and were subsequently exercised on 1 May 2013. 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:
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Basic Award | Dividend Equivalent | Total Award | ||
Alan Merrell | Group Finance Director | 240,964 | 8,269 | 249,233 |
Andrew Wright | Managing Director Middle East & International | 204,819 | 7,029 | 211,848 |
Gonzague Depraetere | Managing Director - France | 34,051 | 1,169 | 35,220 |
Mick Ledden | Group Market Development Director | 108,434 | 3,721 | 112,155 |
Hayley Holloway | Group HR Director | 102,410 | 3,514 | 105,924 |
Mark Johnson | Group Business Systems and IT Director | 124,096 | 4,259 | 128,355 |
Adam Rochelle | Group Financial Controller | 79,880 | 2,741 | 82,621 |
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The Company has been notified that on 1 May 2013 the following individuals have sold Ordinary Shares at a price of 167 pence per share:
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Shares Disposed | ||
Alan Merrell | Group Finance Director | 216,995 |
Andrew Wright | Managing Director Middle East & International | 211,848 |
Gonzague Depraetere | Managing Director - France | 35,220 |
Mick Ledden | Group Market Development Director | 112,155 |
Hayley Holloway | Group HR Director | 105,924 |
Mark Johnson | Group Business Systems and IT Director | 128,355 |
Adam Rochelle | Group Financial Controller | 82,621 |
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Following the exercise of awards under the Plan and subsequent sale of shares, the beneficial interests of these individuals in the share capital of the Company and remaining interests in share incentive schemes over Ordinary Shares awarded granted under the Lavendon Group plc 2006 Long Term Incentive Plan are detailed below:
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Ordinary Shares | Share Options | ||
Alan Merrell | Group Finance Director | 175,000 | 488,264 |
Andrew Wright | Managing Director Middle East & International | 9,280 | 225,000 |
Gonzague Depraetere | Managing Director - France | - | 147,000 |
Mick Ledden | Group Market Development Director | - | 83,000 |
Hayley Holloway | Group HR Director | - | 106,000 |
Mark Johnson | Group Business Systems and IT Director | 47,635 | 64,000 |
Adam Rochelle | Group Financial Controller | - | 64,000 |
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For further information, please contact:
Lavendon |
Don Kenny, Chief Executive T: +44 (0)1455 206 736 Alan Merrell, Group Finance Director |
FTI Consulting |
Jonathon Brill T: +44 (0)207 831 3113 Alex Beagley |
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