Morgan Sindall Group Regulatory News (MGNS)

23 May 2005 15:09

Morgan Sindall PLC23 May 2005 MORGAN SINDALL plc (the "Company") Notification of Directors' Interests On 20 May 2005, directors of the Company were granted options and/or conditionalshare 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, which was approved on 12 April 2005, the directors wereallowed to choose between receiving either conditional share awards or optionsor a mixture of both. Details of the directors and the number of shares under option and/orconditional share awards granted to them under the Plan are set out below: Executive Director Number of shares over which Number of conditional options awarded shares awarded John Morgan 107,736 0Paul Smith 68,370 17,093David Mulligan 35,220 8,805Paul Whitmore 0 20,718 The exercise price for the above options is £7.24 per ordinary share. Subjectto the satisfaction of an earnings per share performance condition, options arenormally exercisable for a period of 7 years from 20 May 2008. No considerationwas paid for the grant of the options. Conditional share awards do not have an exercise price and will normally vest on20 May 2008 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 maintain the following beneficial interests in theissued share capital of the Company, the following number of shares under optionand the following conditional share awards: Executive Director Beneficial Total Total interest % of the number of number of in the issued share shares over conditional shares of capital of which options share the Company the Company are held awards held John Morgan 5,831,038 13.82 115,782 61,727Paul Smith 2,876 Less than 0.01 178,611 17,093David Mulligan 1,250 Less than 0.01 39,334 8,805Paul Whitmore 2,250 Less than 0.01 6,876 74,335 23 May 2005 Enquiries:Mary Nettleship Tel: 020 7307 9218Company Secretary Matthew Smallwood Tel: 020 7 457 2020College Hill Associates Limited This information is provided by RNS The company news service from the London Stock Exchange