10 Jul 2009 15:51
RNS Number : 5084V
Helical Bar PLC
10 July 2009
HELICAL BAR PLC
PRESS RELEASE
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PARTIES
HELICAL BAR PLC (“Helical Bar “or “the Company”)
The Company was informed today that the following transactions had taken place:
1. Performance Share Plan Award
On 9 July 2009, under the terms of the Helical Bar plc Performance Share Plan 2004 approved at the Annual General Meeting of 28 July 2004, the following share awards were made to the directors of the Company at the closing mid-market price on 8 July 2009 at 300.25p per share.
Michael Slade 499,584 shares
Nigel McNair Scott 334,721 shares
Gerald Kaye 324,729 shares
Matthew Bonning-Snook 274,771 shares
Jack Pitman 274,771 shares
2. Performance Share Plan Awards
On 9 July 2009 shares awarded under the terms of the Helical Bar plc Performance Share Plans 2004 were made available to directors and employees of the Company. These shares were originally allocated on 4 July 2006 and having partially met their performance criteria one third of the awards are available to be taken by the award-holders.
Shares vesting and the net shares retained after payment of associated tax liabilities are as follows:
| | Shares Vested | Share Retained |
| | | |
| Michael Slade | 130,434 | 76,956 |
| Nigel McNair Scott | 81,521 | 48,097 |
| Gerald Kaye | 70,108 | 41,364 |
| Matthew Bonning-Snook | 35,326 | 20,842 |
| Jack Pitman | 33,967 | 20,041 |
3. Directors’ Interests in Shares
Following these transactions the directors’ interests in shares are as follows:
| | Shares Held | Share Options | Performance Share Plan |
| | | | |
| Michael Slade | 13,692,196 (12.7%) | - | 1,012,486 |
| Nigel McNair Scott | 2,516,053 (2.3%) | - | 676,656 |
| Gerald Kaye | 1,447,412 (1.3%) | - | 794,890 |
| Matthew Bonning-Snook | 252,628 (0.2%) | - | 676,545 |
| Jack Pitman | 285,872 (0.3%) | 320,510 | 676,545 |
Contact: T J Murphy (020 7629 0113)
Date of Notification: 10 July 2009
This information is provided by RNS
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Helical Bar (HLCL)