Director/PDMR Shareholding

RNS Number : 8437U

Berkeley Group Holdings (The) PLC

30 June 2009

 

Rule 10 

RNS Announcement

Date 30th June 2009

Immediate Release

The Berkeley Group Holdings plc

On 29 June 2009, the Executive Directors set out below were granted Options under The Berkeley Group Holdings plc 2009 Long Term Incentive Plan (the 'LTIP'), approved by shareholders at the Company's Extraordinary General Meeting ('EGM') on 15 April 2009, over the numbers of ordinary shares set out against their respective names with an exercise price of £3 per share under each Part A Option and an exercise price of £8.40 per share under each Part B Option.

As agreed by shareholders at the EGM, the Part A Options have been granted conditionally on the surrender of the Directors' Element 2 Awards granted under The Berkeley Group Holdings plc 2004(b) Long-Term Incentive Plan (see table below). 

Part A Options

Name	Number of Shares subject to  Part A Option	Number of Shares subject to Surrendered Element 2 Awards
Tony Pidgley (Group Managing Director)	2,842,848	2,842,848
Rob Perrins (Group Finance Director)	1,066,068	1,066,068
Tony Carey (Divisional Executive Director)	888,390	888,390
Greg Fry (Divisional Executive Director)	533,034	533,034

Part A Options cannot be exercised before 31 January 2014.

Part B Options

Name	Number of Shares subject to  Part B Option
Tony Pidgley (Group Managing Director)	1,500,000
Rob Perrins (Group Finance Director)	750,000
Tony Carey (Divisional Executive Director)	500,000
Greg Fry (Divisional Executive Director)	500,000

Subject to the satisfaction of the exercise conditions, Part B Options become exercisable in two tranches:-

- 50% on 15 April 2015;

- 50% on 15 April 2016.

Following these grants of Options the Executive Directors have the following interests in the ordinary shares of The Berkeley Group Holdings plc:

Name	Shares Owned	Shares Under Option	Total Interests
Tony Pidgley (Group Managing Director)	4,500,918	8,607,120	13,108,038
Tony Pidgley (Non-Beneficial)	19,183	-	19,183
Rob Perrins (Group Finance Director)	804,876	3,415,170	4,220,046
Tony Carey (Divisional Executive Director)	1,139,771	2,720,975	3,860,746
Greg Fry (Divisional Executive Director)	681,436	1,832,585	2,514,021

Enquiries:

Cardew Group - 0207 930 0777 (Tim Robertson, Catherine Maitland)

 

END

 

 

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