Last checked at 2 Apr 2014 14:08
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
In accordance with DTR 3.1.4(1), Marshalls plc (the "Company") was notified on 1 April 2014 of the grant of options to acquire ordinary shares of 25 pence each in the Company, in the form of Performance Share Awards, on 1 April 2014 to certain Executive Directors under the Marshalls plc 2005 Long Term Incentive Plan (the "LTIP").
Performance Share Awards will not vest unless stretching performance conditions measured over a three year period are satisfied, so are contingent on achievement of these targets and would not be transferred to the participant if these targets were not met. No consideration was paid for the grant of the Performance Share Award.
The Performance Share Awards granted to Directors under the LTIP on 1 April 2014 were as follows:
Executive Directors | Number of Shares (Total) |
M Coffey | 222,124 |
I D Burrell | 136,157 |
D N Sarti | 131,553 |
The value ascribed to the Performance Shares awarded is calculated in accordance with LTIP Rules as the average of the three dealing days immediately before the date of grant (1 April 2014), i.e. 180.08 pence.
Enquiries: C E Baxandall, Group Company Secretary, Marshalls plc, 01422 314777