Last checked at 17 Jun 2008 17:02
MORGAN SINDALL plc
(the "Company")
Notification of Transaction by Persons Discharging Managerial Responsibility
Awards under the Morgan Sindall Executive Remuneration Plan
On 16 June 2008, Ernest Battey, a person discharging managerial responsibility ("PDMR"), was granted options and conditional share awards over ordinary shares of 5p each in the capital of the Company ("shares") under the Morgan Sindall Executive Remuneration Plan 2005 ("the Plan"). Under the Plan he was allowed to choose between receiving either conditional share awards or options or a mixture of both.
The number of shares under option and conditional share awards granted to him under the Plan are set out below:
| PDMR | Number of shares over which options awarded | Number of conditional shares awarded |
| Ernest Battey | 25,048 | 6,262 |
The exercise price for the above options is £7.422 per share. Subject to the satisfaction of an earnings per share performance condition, the options will normally be exercisable for a period of 7 years from 16 June 2011. No consideration was paid for the grant of the options.
The conditional share awards do not have an exercise price and will normally vest on 16 June 2011 being the third anniversary of the date of grant, subject to continued employment with the Company and the satisfaction of an earnings per share performance condition. No consideration was paid for the grant of the awards.
Save as disclosed above, Ernest Battey has no other beneficial interests in the issued share capital of the Company.
This notification relates to transactions notified in accordance with Rule 3.1.4R (1) (a) of the Disclosure & Transparency Rules.
Contact:
Mary Nettleship Tel: 020 7307 9218
Company Secretary
17 June 2008