Wincanton plc (the 'Company') In fulfilment of an obligation imposed by DTR 3.1, the Company announces the following details relating to awards made under the terms of the Wincanton plc 2011 Special Option Plan ('SOP') and the Wincanton plc 2011 Executive Bonus Plan ('EBP'). 1. Date of grant: SOP - 12 July 2013 EBP - 12 July 2013 2. Period during which the option award is exercisable, assuming that the performance conditions are achieved: SOP - 12 July 2016 to 12 July 2023 EBP - 12 July 2014 to 12 July 2023. This award of nil cost options is in respect of the second year of the four-year plan. Where the forfeiture threshold is exceeded in years three and four of the Plan, 50% of the nil cost options will vest at the end of the third year of the plan (2014) with the remaining nil cost options vesting at the end of the fourth year of the plan (2015). Where the forfeiture threshold is not met, 50% of the nil cost options will lapse at the end of the third year of the plan (2014) and a further 50% of the nil cost options will lapse at the end of the fourth year of the plan (2015) 3. Total amount paid (if any) for award: SOP - Nil EBP - Nil 4. Description of shares involved: The grants were made over Ordinary shares of 10 pence each in the Company. Name of Director / PDMR SOP EBP Eric Born Director 1,225,997 536,260 Adrian Colman Director 886,262 78,986 Simon Deane PDMR 324,963 150,355 Chris Kingshott PDMR 295,420 132,953 Liam McElroy PDMR 251,107 116,183 Julie Welch PDMR 251,107 116,183 Ian Wilson PDMR 295,420 132,953 5. Exercise price: SOP - £0.677 EBP - nil 6. Total number of shares over which awards held, under the terms of the SOP and the EBP following this notification: Name of Director / PDMR SOP EBP Eric Born Director 3,531,552 750,851 Adrian Colman Director 1,945,584 78,986 Simon Deane PDMR 936,074 209,618 Chris Kingshott PDMR 850,975 132,953 Liam McElroy PDMR 670,157 116,183 Julie Welch PDMR 723,329 179,636 Ian Wilson PDMR 850,975 164,562 7. Any additional information: It is anticipated that future exercises will be settled using both shares held in the Employee Share Trust and new issue shares. Under the SOP, the vesting of options is subject to a performance requirement based on average absolute total shareholder return growth over a three-year vesting period (the option starting to vest above 10% per annum i.e. 0% at 10%, with 100% of the option vesting for 22% per annum). In addition, the Company's Earning per Share must not reduce over the three-year vesting period for options to be capable of vesting. SOP - The exercise price and size of award is calculated with reference to the average share price for the 3 days immediately prior to the date of grant. EBP - The number of EBP shares awarded was calculated using the 30-day average share price for the period ending on the 31 March 2013 of 54p. The EBP award represents the deferral element of the bonus awarded in respect of the financial year ended 31 March 2013. 8. Name of authorised company official responsible for making this notification: Stephen Williams, Company Secretary - 01249 710 000 9. Date of Notification: 15 July 2013 END -0- Jul/15/2013 09:49 GMT
WINCANTON PLC: Director/PDMR Shareholding
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