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26 Jun 2008 08:49
Lavendon Group PLC
26 June 2008
LAVENDON GROUP PLC ('The Company')
DIRECTORS / PDMR SHAREHOLDINGS
Under the terms of the Lavendon Group plc 2005 Share Matching Plan ('the Plan'), Kevin Appleton and Alan Merrell, the Company's Chief Executive and Finance Director respectively, have been awarded 63,098 and 39,606 ordinary shares of 1p each in the Company ('Ordinary Shares') respectively.
The Company has been notified that on 25 June 2008 Kevin Appleton and Alan Merrell had respectively sold 40,996 and 25,733 Ordinary Shares at a price of 230 pence per share in order to settle the taxation liability arising from these awards.
Following the awards under the Plan and subsequent partial sale of shares, Kevin Appleton and Alan Merrell hold beneficial interests in the share capital of the Company of 120,076 and 77,340 Ordinary Shares respectively. In addition to these beneficial interests, they hold share options over 525,123 and 250,000 Ordinary Shares respectively, shares subject to the Share Matching Awards of 4,562 and 4,338 Ordinary Shares respectively and awards granted under the Lavendon Group plc 2006 Long Term Incentive Plan of 221,393 and 172,073 Ordinary Shares respectively.
In addition to the Company's Board directors, Mark Johnson, Group IT Director, was awarded 10,516 Ordinary Shares. Following the award under the Plan, Mark Johnson holds a beneficial interest in the share capital of the Company of 30,640 Ordinary Shares. In addition to this beneficial interest, he holds share options over 40,000 Ordinary Shares and awards granted under the Lavendon Group plc 2006 Long Term Incentive Plan of 20,220 Ordinary Shares.
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