23 May 2011 16:24
Intertek Group plc
Ordinary shares of £0.01 each ("Shares")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.2 R
Director/PDMR: Wolfhart Hauser
Lloyd Pitchford
On 8 March 2011, under the terms of the new Intertek 2011 Long Term Incentive Plan (the 'Plan'), Wolfhart Hauser and Lloyd Pitchford received the following conditional rights to acquire ordinary shares of 1p each in the Company ("Shares"). Following the approval of the Plan by shareholders at the Annual General Meeting on Friday 20 May 2011, the grant of awards has become unconditional.
Name
|
Number of Share Awards |
Number of Performance Awards
|
Wolfhart Hauser | 31,938 | 68,876 |
Lloyd Pitchford | 16,034 | 32,068 |
The Share Awards shall normally vest three years from the grant date, subject to continued employment with the Intertek Group. Performance Awards are additionally subject to the achievement of a performance target. The awards were granted on the basis of an average share price of £18.98.
No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.
Following this notification Wolfhart Hauser has a total interest in 364,218 share awards and Lloyd Pitchford 91,477.
Authorised official of issuer responsible for making notification:
Ida Woodger, Company Secretarial Assistant
Intertek Group (ITRK)