Morgan Sindall Group Regulatory News (MGNS)

10 Apr 2008 17:22

Morgan Sindall PLC10 April 2008 MORGAN SINDALL plc (the "Company") Notification of Transactions by Directors and Persons Discharging Managerial Responsibility Awards under the Morgan Sindall Executive Remuneration PlanOn 9 April 2008, directors and persons discharging managerial responsibility("PDMRs") of the Company were granted options and/or conditional share awardsover ordinary shares of 5p each in the capital of the Company ("shares") underthe Morgan Sindall Executive Remuneration Plan 2005 ("the Plan"). Under the Planthe directors and PDMRs were allowed to choose between receiving eitherconditional share awards or options or a mixture of both. Details of the directors and PDMRs and the number of shares under option and/orconditional share awards granted to them under the Plan are set out below: Director/PDMRS Number of shares over Number of conditional which options awarded shares awarded John Morgan * 122,716 0 Paul Smith * 72,814 18,046 David Mulligan * 38,980 9,745 Paul Whitmore * 0 18,046 Stewart Davenport 36,092 9,023 Graham Shennan 38,980 9,745 Mark Cutler 32,484 8,121 * Director of Morgan Sindall plc The exercise price for the above options is £10.39 per share. Subject to thesatisfaction of an earnings per share performance condition, options arenormally exercisable for a period of 7 years from 9 April 2011. No considerationwas paid for the grant of the options. Conditional share awards do not have an exercise price and will normally vest on9 April 2011 being the third anniversary of the date of grant, subject tocontinued employment with the Company and the satisfaction of an earnings pershare performance condition. No consideration was paid for the grant of theawards. Following the granting of the above options and conditional share awards underthe Plan these directors and PDMRs maintain the following beneficial interestsin the issued share capital of the Company: Director/ Beneficial % of the Total number of Total numberPDMRS interest in issued share shares over of conditional the shares of capital of which options share awards the Company the Company are held held John Morgan * 4,456,658 10.38 405,912 40,850 Paul Smith * 153,004 0.36 244,396 60,942 David 7,364 0.02 129,954 30,106Mulligan * Paul 16,761 0.04 Nil 101,964Whitmore * Stewart Nil Nil 124,528 60,455Davenport Graham Nil Nil 188,652 62,497Shennan Mark Cutler Nil Nil 75,664 18,916 * Director of Morgan Sindall plcIn respect of those persons who are directors of the Company, this notificationrelates to transactions notified in accordance with both Disclosure Rule 3.1.4R(1) (a) and Disclosure Rule 3.1.4R (1) (b) and for the remainder it relates totransactions notified in accordance with Disclosure Rule 3.1.4R (1) (a). Contact: Clare Sheridan Tel: 020 7307 9221Deputy Company Secretary 10 April 2008 This information is provided by RNS The company news service from the London Stock Exchange