Last checked at 28 Apr 2016 17:30
28 April 2016
PZ Cussons Plc (the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This notification is made in accordance with DR 3.1.4R(1)(a).
On 27 April 2016 Mr C Davis exercised options granted to him under the Company's Executive Share Option Scheme over 65,770 ordinary shares of 1p in the Company at £1.6725 per share. On the same day Mr Davis sold 65,770 ordinary shares to the Paterson Zochonis Employee Trust ("the Trust") for a consideration of £3.282 per share.
Mr Davis also sold 11,256 ordinary shares to the Paterson Zochonis Employee Trust ("the Trust") on 27 April 2016 for a consideration of £3.282 per share.
After the sale, Mr Davis (and his connected persons) holds 317,511 ordinary shares (comprising 0.07% of the total shares in issue). The Company was informed by Mr Davis of this dealing in shares on 27 April 2016.
The Trust is a discretionary trust under which the class of beneficiaries who may benefit comprises all bona fide employees and former employees of the Company and its subsidiaries including members of such employees' and former employees' immediate families. Accordingly, the Executive Directors and PDMRs of the Company are included in the class of beneficiaries and are deemed to have an interest in all of such shares. The Trust's holding in the ordinary shares of 1p in the Company after this transaction is 10,214,562 shares (2.38%).
No new shares have been issued in respect of the dealing above.
Name of contact and telephone number for queries:
Sam Plant
Company Secretary, PZ Cussons Plc
(T) (00) 44 (0)161 435 1000