22 Mar 2010 07:00
19 March 2010
DIRECTORS' SHAREHOLDINGS
Torotrak announces that on 18 March 2010 Jeremy Deering exercised options awarded in January 2007 under the Company's Long Term Performance Share Plan ("LTPSP"). At the same time, sufficient ordinary shares of 10p each in the Company ("Shares") were sold at 26p per Share in order to meet income tax and national insurance ("Tax") liabilities. It should also be noted that no Director has sold shares in the last five years other than as a result of such Tax requirements.
The shares vesting represented 50% of the maximum awards (the maximum levels having been disclosed in previous Annual Reports) under the January 2007 LTPSP awards, in accordance with the required performance conditions.
The change in shareholding resulting from the transaction is summarised below:
| Shares vesting | Shares sold | Resultant Shareholding | % of shares in issue |
| 290,341 | 141,672 | 381,216 | 0.24% |
As at the date of this announcement, the Company's registered capital comprises 161,734,912 ordinary shares with voting rights. The Company does not hold any shares in Treasury. This figure of 161,734,912 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
Torotrak plc
Dick Elsy, Chief Executive
Tel: +44 1772 900900