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7 Jun 2010 12:48
UK Mail Group plc (the "Company")
Vesting of Long-Term Incentive Plan 2007 and Share Matching Plan 2007
UK Mail Group plc announces that the under-mentioned directors of the Company and other persons discharging managerial responsibility ("PDMRs") have received shares under the the terms of the UK Mail Group plc Long-Term Incentive Plan ("LTIP") and/or the UK Mail Group plc Share Matching Plan ("SMP").
The shares vested on 4 June 2010 for nil consideration pursuant to conditional awards originally made on 4 June 2007. The disposals by directors referred to below were solely undertaken to cover tax liabilities and costs related to the transaction. All of the disposals below were made on 4 June 2010 at £3.40 per share.
|
Individual |
Director/PDMR |
Total vested shares |
Shares sold |
Shares retained |
Total Shares held after event |
% of Share Capital |
|
Guy Buswell |
Director |
53,374 |
27,181 |
26,193 |
300,393 |
0.55% |
|
Steven Glew |
Director |
36,875 |
18,776 |
18,099 |
113,919 |
0.21% |
|
Alec Ross |
Director |
29,346 |
14,941 |
14,405 |
71,691 |
0.13% |
|
Steve Patrick |
PDMR |
13,815 |
7,026 |
6,789 |
16,341 |
0.03% |
|
Terry Richards |
PDMR |
10,361 |
10,361 |
- |
16,191 |
0.03% |
Successful awards (in respect of directors, PDMR's and other Company management) were satisfied by 219,156 shares released from the UK Mail Group Employee Share Ownership Trust ("ESOT"). The ESOT holds 123,042 shares following this transaction equivalent to 0.23% 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: 7 June 2010
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