Last checked at 3 Aug 2010 10:22
3 August 2010
PZ Cussons Plc (the "Company")
Directors Dealing
This notification is made in accordance with DR 3.1.4R(1)(a).
On 2 August 2010 the following Directors of the Company and other persons discharging managerial responsibility ("PDMRs") were granted conditional awards ("Awards") under the PZ Cussons Performance Share Plan to acquire the following numbers of ordinary shares of 1p each in the Company as set out below.
Executive Director Number of shares
Mr G A Kanellis 131,633
Mr C G Davis 84,184
Mr B H Leigh 82,653
Mr J Pantelireis 71,939
PDMR Number of shares
Mr R Adamson 23,650
Mr P Fogelstrom 40,327
Mr C Gendis 24,199
Mr P Milner 20,663
Mr S O'Hara 18,889
Mr T Perman 45,796
Mr S Plant 19,148
Mr N Simonsz 23,526
The Awards will ordinarily vest at nil cost on the third anniversary of grant
subject to the grantee's continued employment and the attainment of performance targets. No consideration is payable in respect of the grant of the Awards.
On the same date the following awards of ordinary shares in the Company were made to Executive Directors and PDMRs under the terms of the PZ
Cussons Deferred Annual Share Bonus Scheme ("the Scheme"):-
Executive Director Number of shares
Mr G A Kanellis 85,380
Mr C G Davis 54,600
Mr B H Leigh 53,610
Mr J Pantelireis 46,660
PDMR Number of shares
Mr R Adamson 19,960
Mr P Fogelstrom 28,920
Mr C Gendis 20,320
Mr P Milner 17,350
Mr S O'Hara 15,940
Mr S Plant 16,070
Mr N Simonsz 19,570
In respect of the year ended 31 May 2010, senior executives, including the Executive Directors and PDMRs listed above, were eligible to participate in the Scheme, pursuant to which they could earn an annual bonus linked to financial performance targets. Bonus awards for this period are payable 50% in cash and 50% in deferred shares. The awards set out above relate to deferred shares awarded as a result of the attainment of performance targets for the year ended 31 May 2010.
The deferred shares will normally be transferred to the Executive Director or PDMR from the Paterson Zochonis Employee Trust in three years' time, provided that he remains an employee of a PZ Cussons Plc group company.
Name of contact and telephone number for queries:
Sam Plant
Company Secretary, PZ Cussons Plc
(T) (00) 44 (0)161 435 1000
Date: 3 August 2010