8 Aug 2011 15:58
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RNS code
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Umeco plc - Notification of changes in Directors & PDMRs interests
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08 August 2011
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Umeco plc announces the following changes to the interests of Directors & PDMRs in 25 pence ordinary shares. On 08 August 2011, deferred share awards were made under the Umeco Bonus Plan to Andrew Moss and Steve Bowers.
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The price paid for shares acquired for the deferred share awards was 335 pence per share.
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Director/PDMR | Previous holding | Β Award of deferred shares | Holding following this notification |
AB Moss | |||
- holding excluding deferred shares | 114,499 | - | 114,499 |
- deferred shares | 64,753 | 53,731 | 118,484 |
Total | Β 179,252 | 53,731 | 232,983 |
As % of shares in issue | 0.37% | 0.11% | 0.48% |
SJ Bowers | |||
- holding excluding deferred shares | 16,232 | - | 16,232 |
- deferred shares | 22,314 | 28,358 | 50,672 |
Total | 38,546 | 28,358 | 66,904 |
As % of shares in issue | 0.08% | 0.06% | 0.14% |
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The deferred share awards made relate to the successful completion of the disposal of the Supply Chain business.
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Under the terms of deferred share awards, the Director/PDMR becomes the legal and beneficial owner of the shares but on terms that they must, in normal circumstances, be retained for a period of three years and may, in certain circumstances, be forfeited for no payment if the employment of the Director/PDMR ends within that period.
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ENDS
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Name/telephone number for queries: Steve Bowers
01926 331800
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