Director/PDMR Shareholding

RNS Number : 2170G

Barclays PLC

09 May 2011

 



9 May 2011

Director/PDMR Shareholding: Disclosure and Transparency Rules 3.1.4R (1)(a)

1.      On 6 May 2011, Barclays PLC ("the Company") granted conditional awards of ordinary shares in the Company ("Shares") under the Share Value Plan ("SVP") to Directors of the Company as follows:

Director/ PDMR	Number of shares granted
RE Diamond Jr	850,524
C Lucas	195,439

The calculation of the number of Shares granted was based on a share price of £2.763 (being the mid-market price of a Share on the day prior to the date of award). No consideration was paid on grant of any award.

Under the SVP, awards vest and Shares are released in three equal portions on each of the first, second and third anniversaries of the grant subject to the rules of the SVP, malus and prudent financial control provisions.

2.      On 6 May 2011, the Company  granted conditional awards of Shares under the Barclays Long Term Incentive Plan ("Barclays LTIP") to the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company as set out below:

Director/ PDMR		Number of Shares representing the initial notional value at grant of the award1	Maximum number of Shares releasable under the award
S Bott		180,962	542,888
RE Diamond Jr		814,332	2,442,996
M Harding		180,962	542,888
T Kalaris		361,925	1,085,776
R Le Blanc		542,888	1,628,664
C Lucas		482,567	1,447,701

The calculation of the number of Shares granted was based on a Share price of £2.763 (being the mid-market price of a Share on the day prior to the date of award).  No consideration was paid for the grant of any award.

Under the Barclays LTIP, awards vest and Shares are releasable on the third anniversary of the grant, subject to the performance conditions being satisfied, the rules of the Barclays LTIP and malus and prudent financial control provisions. The maximum number of Shares will only vest and become releasable if the performance conditions are fully satisfied.  50% of the Shares releasable on the third anniversary (after payment of tax and other applicable withholdings) are subject to an additional twelve month holding period following vesting.  

¹ The number of Shares representing the initial notional value at grant of the award has been calculated based on 33% of the maximum number of Shares subject to the award.

 

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