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5 Aug 2008 14:10
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Morgan Sindall plc
Β ("the Company")
Notification of Transactions byΒ DirectorsΒ Β
Morgan Sindall plcΒ Long Term Incentive Plan ("LTIP")
The Company announces the numbersΒ set out below,Β of ordinary shares of 5p each in the capital of the Company ("shares") thatΒ vestedΒ onΒ 4 August 2008Β inΒ certainΒ directors of the CompanyΒ pursuant to the terms of the LTIP. TheseΒ sharesΒ wereΒ conditionallyΒ allocatedΒ toΒ the directorsΒ onΒ 30 June 2006.Β
These shares were satisfied from market purchase shares held in the Morgan Sindall Employee Benefit Trust.
In addition,Β Paul Whitmore hasΒ disposed ofΒ a proportion of theΒ shares vesting in order to fund the tax and national insurance contributionΒ payableΒ in respect of them.
|
Name of DirectorΒ |
Number of shares vesting onΒ 4 August 2008Β |
Number of shares disposed |
|
John MorganΒ |
40,850 |
0Β |
|
Paul WhitmoreΒ |
35,896Β |
14,718Β |
The price used for calculating vesting and disposal was Β£5.695, being the closing mid market price on 4 August.
Following theseΒ transactions,Β the individualsΒ have notified their interests (all of which are beneficial) in the share capital of the Company in accordance with Disclosure Rule 3.1.4R (1) (a) and section 793 of the Companies Act 2006 as follows:
|
Name of Director |
Beneficial interest in shares |
% issued share capital of the Company |
Total number of shares over which options are held |
Total number of conditional share awards held |
|
John Morgan |
4,497,508 |
10.46% |
405,912 |
0 |
|
Paul Whitmore |
51,257 |
0.12% |
0 |
45,350 |
Enquiries:
Clare Sheridan Tel: 020 7307 9221
DeputyΒ Company Secretary
5 August 2008
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