Director/PDMR Shareholding

RNS Number : 4955K

Big Yellow Group PLC

21 August 2012

 



Date: 21 August 2012

Big Yellow Group PLC 

Director/PDMR Shareholding

Big Yellow Group PLC ('the Company') announces that on 20 August 2012 shares in the Company ("Shares") were acquired by the Company's Executive Directors under awards over Shares made under the Big Yellow Long Term Bonus Performance Plan (the "Plan") on 6 August 2009 as follows:

Director	Number of shares in which Director was awarded an interest	Number of shares in which each Director's interest has vested	Number of shares sold in order to pay taxes and costs	Sale of unrestricted shares	Net number of Shares retained by Director
					Unrestricted	Restricted
Nicholas Vetch	500,000	350,497	(58,417)	-	237,169	54,911
James Gibson	500,000	350,497	(240,674)	(54,911)	Nil	54,911
Adrian Lee	250,000	175,248	(120,337)	(27,456)	Nil	27,456
John Trotman	250,000	175,248	(120,337)	(12,000)	15,456	27,456

Mr Vetch sold sufficient shares to repay amounts owing to the Company's Employee Trust for the original purchase of the interests under the Plan (the Further Amount) and then paid the tax and national insurance arising on the vesting of the Plan of £561,000 from his own resources to enable him to retain a greater number of the vested shares. 

Of the net number of shares retained by each Director listed in the table above, the restricted shares must be retained for a holding period during which time the Director will not be entitled to sell them.  Half of the restricted shares will be restricted for one year and the other half of the restricted shares will be restricted for two years.

The Directors' holdings subsequent to the above are shown below:

Director	Holding in the Company (no of shares)	Holding in the Company (%)
Nicholas Vetch	9,090,000	6.98%
James Gibson	2,524,630	1.94%
Adrian Lee	932,548	0.72%
John Trotman	67,021	0.05%

Contact:

John Trotman  Chief Financial Officer	01276 477811
Shauna Beavis  Company Secretary	01276 477811

 

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