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PDMR Announcement

22 May 2015 16:35

RNS Number : 1144O
Lavendon Group PLC
22 May 2015
 



 

Lavendon Group plc ("The Company")

 

PDMR Announcement

 

Under the terms of the Company's Deferred Share Bonus Plan ("Plan"), awards granted on 10 April 2014 over ordinary shares of 1p each in the Company ("Ordinary Shares") have vested and were subsequently exercised on 22 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 Dividend Total

Award Equivalent Award

 

Gonzague Depraetere Managing Director - France 16,867 467 17,334

 

The Company has been notified that on 22 May 2015 the following Ordinary Shares were sold at a price of 198.50 pence per share.

Shares

Disposed

Gonzague Depraetere Managing Director - France 17,334

 

Following the exercise of awards under the Plan and the subsequent sale of shares, the beneficial interests of Gonzague Depraetere in the share capital of the Company and his remaining interests in share incentive schemes over Ordinary Shares in the Company are detailed below:

Share

Ordinary Incentive Scheme

Shares Awards Outstanding

 

Gonzague Depraetere Managing Director - France - 178,148

 

 

 

For further information, please contact:

Lavendon

Don Kenny, Chief Executive Today T: +44 (0)203 727 1000

Alan Merrell, Group Finance Director Thereafter T: +44 (0)1455 206 736

FTI Consulting

Jonathon Brill T: +44 (0)203 727 1000

Adam Cubbage

James Styles

 

Notes to Editors

Lavendon is the European and Middle East market leader in the rental of powered access equipment. The quality of diversity of its hire fleet, coupled with the professionalism and accessibility of its depot network, provides an exceptional product range for customers.

 

Powered access equipment is designed to enable people to work safely, productively and comfortably at height. It can be used in a comprehensive range of applications, both inside and outside buildings and structures.

 

 

For and on behalf of Lavendon Group plc

 

22 May 2015

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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