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22 Jun 2010 11:44
UK Mail Group plc (the "Company")
Vesting of Long-Term Incentive Plan 2007
22 June 2010
UK Mail Group plc announces that the under-mentioned person discharging managerial responsibility ("PDMR") has received shares under the the terms of the UK Mail Group plc Long-Term Incentive Plan ("LTIP").
The shares vested on 21 June 2010 for nil consideration pursuant to a conditional award originally made on 4 June 2007. The disposal referred to below was solely undertaken to cover tax liabilities and costs relating to the transaction. The disposal was made on 21 June 2010 at £3.45 per share.
|
Individual |
Director/PDMR |
Total vested shares |
Shares sold |
Shares retained |
Total Shares held after event |
% of Share Capital |
|
David Williamson |
PDMR |
13,157 |
6,697 |
6,460 |
6,460 |
0.01% |
The award was satisfied by 13,157 shares released from the UK Mail Group Employee Share Ownership Trust ("ESOT"). The ESOT holds 109,885 shares following this transaction equivalent to 0.2% of the issued share capital. UK Mail Group's issued share capital is 54,675,241ordinary 10p shares.
For and on behalf of UK Mail Group plc
Steven Glew
Date: 22 June 2010
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