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5 Dec 2008 14:17
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
1. Name of the issuer:
Sepura plc
2. Notification relates to a transaction notified in accordance with DTR 3.1.4R(1)(a)
3. Name of person discharging managerial responsibilities/director:
Director:
Gordon Watling, Chief Executive Officer
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person:
n/a
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest:
Gordon Watling, the person named in 3. above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares:
n/a
7. Name of registered shareholders(s) and, if more than one, the number of shares 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 shares acquired:
n/a
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage):
n/a
11. Number of shares, debentures or financial instruments relating to shares disposed:
n/a
12. Percentage of issued class disposed (treasury shares of that class should not 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 following notification (any treasury shares should not be taken into account when calculating percentage):
n/a
16. Date issuer informed of transaction:
n/a
If a person discharging managerial responsibilities has been granted options by the issuer complete the following:
17. Date of grant:
5 December 2008
18. Period during which or date on which it can be exercised:
The vesting of the Long Term Incentive Plan ("LTIP") award is ordinarily subject to continued employment of the participant and the satisfaction of certain challenging Company performance conditions set by the Remuneration Committee of the Board at the time of grant. The LTIP Award will normally vest on the third anniversary of grant (i.e. from 5 December 2011), subject to the satisfaction of the said performance conditions.
19. Total amount paid (if any) for grant of the option:
Nil
20. Description of shares or debentures involved (class and number):
500,000 Ordinary shares of nominal value £0.0005 each
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise:
n/a as the award is over whole shares
22. Total number of shares or debentures over which options held following notification:
973,853 (comprising 16,000 Sharesave Scheme, 800,353 LTIP and 157,500 Share Option Scheme)
23. Any additional information:
This conditional share award was granted pursuant to the rules of the Sepura Long Term Incentive Plan, as previously approved by shareholders
24. Name of contact and telephone number for queries:
Michael Arnaouti - Acting Company Secretary - 01223 876000
25. Date of Notification:
5 December 2008
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