Last checked at 14 Mar 2014 16:29
Michael Page International plc (the "Company")
Notification of Interests of Directors and Persons Discharging Managerial Responsibility ("PDMRs")
Vesting of Shares Under The Michael Page International plc Annual Bonus Plan 2004
On 11 March 2014 UBS Trustees (Jersey) Limited, the trustee of the Michael Page Employees' Benefit Trust ("EBT") transferred the legal title to the number of Ordinary shares of 1p in the Company (the "Shares") as set out in the table below to Steve Ingham, CEO of the Company, for nil cost, as a result of the vesting of his allocation under The Michael Page International plc Annual Bonus Plan. Of these, the trustee of the EBT arranged for the sale of sufficient of such Shares on behalf of Mr Ingham at £4.77 per Share on 12 March 2014 in order to reimburse the Company for his personal tax and national insurance contributions arising. The number of Shares sold and transferred was as follows:-
Name of Director | Total No of Shares Transferred on 11 March 2014 | No of Shares Sold on 12 March 2014 | No of Shares Retained |
Steve Ingham | 16,747 | 7,927 | 8,820
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Vesting of Shares Under The Michael Page International plc Incentive Plan 2004
On 11 March 2014 UBS Trustees (Jersey) Limited, the trustee of the EBT transferred the legal title to the number of Ordinary shares of 1p in the Company (the "Shares") as set out in the table below, for nil cost, as a result of the vesting of their allocations under the deferred element of The Michael Page International plc Incentive Share Plan 2004.
The number of shares sold and transferred is as follows:-
Name of Director* or PDMR | Total No of Shares Transferred on 11 March 2014 | No of Shares Sold on 12 March 2014 | Price Per Share sold on 12 March 2014 | No of Shares Retained |
Steve Ingham* | 68,039 | 32,204 | £4.77 | 35,835 |
Fabrice Lacombe | 33,944 | 33,944 | £4.77 | Nil |
Patrick Hollard | 54,311 | Nil | - | 54,311 |
Oliver Watson | 33,944 | 16,074 | £4.77 | 17,870 |
The performance element of the above awards lapsed.
Award of Shares Under The Michael Page International plc Long Term Incentive Plan 2013
On 11 March 2014 UBS Trustees (Jersey) Limited, the trustee of the EBT made awards under The Michael Page International plc Long Term Incentive Plan 2013 by transferring the beneficial interest, for nil cost, to the number of Ordinary shares of 1p in the Company (the "Shares") as set out in the table below, subject to the rules of The Michael Page International plc Long Term Incentive Share Plan.
Name of Director* or PDMR
| No of LTIP Shares |
Steve Ingham* | 227,273 |
Kelvin Stagg | 70,248 |
Award of Shares Under The Michael Page International Management Share Plan 2013
On 11 March 2014 UBS Trustees (Jersey) Limited, the trustee of the EBT made awards under The Michael Page International Management Share Plan 2013 by transferring the beneficial interest, for nil cost, to the number of Ordinary shares of 1p in the Company (the "Shares") as set out in the table below, subject to the rules of The Michael Page International plc Long Term Incentive Share Plan.
Name of PDMR | Deferred Share Award | Performance Share Award |
Patrick Hollard | 49,588 | 24,793 |
Gary James | 41,323 | 20,661 |
Fabrice Lacombe | 37,880 | 18,939 |
Oliver Watson | 49,588 | 24,793 |
In addition, on 11 March 2014, the Company granted share options over Ordinary Shares of 1p each to the PDMR as set out in the table below, for nil cost, subject to the rules of The Michael Page International plc Long Term Incentive Share Plan.
Name of PDMR | Deferred Option Award | Performance Option Award |
Olivier Lemaitre | 55,097 | 27,548 |
Award of Options under The Michael Page 2009 Share Option Scheme
On 11 March 2014 the Company granted share options over Ordinary Shares of 1p each to the PDMR as set out in the table below, subject to the rules of The Michael Page 2009 Share Option Scheme.
Name of PDMR
| No of Option | Exercise Price per Share |
Mark Lockton-Goddard | 30,000 | 484p |
This announcement is made in accordance with DTR3.1.4 R(1).
FTI Consulting
Richard Mountain/Susanne Yule Tel: 020 7269 7291
14 March 2014