PNA.L Regulatory News (PNA)

19 Jul 2007 07:00

Penna Consulting PLC19 July 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director /person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer Penna Consulting Plc .................................... 2. State whether the notification relates to (i) a transaction notified inaccordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (asextended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (i) 3. Name of person discharging managerial responsibilities/director Gary Browning .................................... 4. State whether notification relates to a person connected with a persondischarging managerial responsibilities/director named in 3 and identify theconnected person N/a .................................... 5. Indicate whether the notification is in respect of a holding of the personreferred to in 3 or 4 above or in respect of a non-beneficial interest As above .................................... 6. Description of shares (including class), debentures or derivatives orfinancial instruments relating to shares N/a .................................... 7. Name of registered shareholders(s) and, if more than one, the number ofshares held by each of them N/a .................................... 8 State the nature of the transaction N/a .................................... 9. Number of shares, debentures or financial instruments relating to sharesacquired N/a .................................... 10. Percentage of issued class acquired (treasury shares of that class shouldnot be taken into account when calculating percentage) N/a .................................... 11. Number of shares, debentures or financial instruments relating to sharesdisposed N/a .................................... 12. Percentage of issued class disposed (treasury shares of that class shouldnot be taken into account when calculating percentage) N/a .................................... 13. Price per share or value of transaction N/a .................................... 14. Date and place of transaction N/a .................................... 15. Total holding following notification and total percentage holding followingnotification (any treasury shares should not be taken into account whencalculating percentage) N/a .................................... 16. Date issuer informed of transaction N/a .................................... If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant 18th July 2007 .................................... 18. Period during which or date on which it can be exercised 19 July 2010 to 18 July 2017 .................................... 19. Total amount paid (if any) for grant of the option Nil .................................... 20. Description of shares or debentures involved (class and number) 800,000 Ordinary 5p shares .................................... .................................... 21. Exercise price (if fixed at time of grant) or indication that price is to befixed at the time of exercise 100p .................................... 22. Total number of shares or debentures over which options held followingnotification 945,000 .................................... 23. Any additional information The options have been granted subject to the Company achieving annual EBITDA pershare targets and will vest in equal instalments over the next five years asfollows: i) 20% of the total options granted to the individual will vest upon theCompany achieving a set EBITDA per share target for the year ended 31 March2008. If this target is not achieved then this proportion of the option willlapse. ii) Thereafter, the proportion that will vest each year will be calculated on astraight line pro-rata basis between 0% if the minimum EBITDA target is notachieved up to 20% of the total options granted if the maximum EBITDA target forthat year is achieved. Options that do not vest in a particular year willlapse. For the maximum number of options to vest the Company will need to meet thetarget set for 2007/08 and achieve 30% per annum EBITDA growth over the fouryears from 31 March 2008. .................................... 24. Name of contact and telephone number for queries Gary Browning 07768231266 .................................... Name and signature of duly authorised officer of issuer responsible for makingnotification David Firth .................................... Date of notification 19th July 2007 .................................... END This information is provided by RNS The company news service from the London Stock Exchange