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24 Jul 2012 11:36
McKAY SECURITIES PLC (the Company)
Director/PDMR Shareholding
This notification is made in accordance with DTR 3.1.4(1)(a) and DTR 3.1.4(1)(b).
On 23 July 2012, the following awards over ordinary shares in the Company were made to certain directors and persons discharging managerial responsibilities ("PDMRs") under the 2007 McKay Securities Performance Share Plan:
Director | Awards Granted under the 2007 Performance Share Plan |
S.C. Perkins | 15,611 |
S.R. Mew | 11,114 |
G.P. Salmon | 8,490 |
PDMR |
|
C.J. Spence | 3,918 |
M.T. Mobbs | 3,010 |
J.S. McKeown | 1,578 |
R.C. Griffiths | 2,264 |
K.M. Taylor | 1,343 |
R.S.G. Lloyd | 1,229 |
No consideration was paid for the grant of the awards, which are structured as nil-cost options.
These awards represent a deferral of 70% of the bonus of the above-named directors and PDMRs. As such, the vesting of these awards is subject to the continued employment of the participants over a three year vesting period but is not subject to any performance conditions.
Following vesting, the awards will remain exercisable for a period of three years.
The Company was informed of the above transactions on 23 July 2012.
For and on behalf of McKay Securities PLC
Giles Salmon
Finance Director
0118 9502333
Date: 24th July 2012
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