Director/PDMR Shareholding

RNS Number : 4227D

Compass Group PLC

01 December 2009

 



1 December 2009

COMPASS GROUP PLC: DIRECTOR/PDMR SHAREHOLDING

Compass Group PLC (the "Company") announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

1.  Long-Term Incentive Plan Award

On 1 December 2009, an award was made under the Compass Group PLC Long-Term Incentive Plan ("LTIP") to the Directors and PDMRs detailed below. The number of Shares referred to is the maximum available if the corporate performance conditions for the period, which commenced on 1 October 2009 and ends on 30 September 2012, are satisfied in full.  There will be no retesting of the award.

Name	Director or PDMR	Shares Under Conditional Award
Richard Cousins	Director	350,182
Gary Green	Director	269,198
Andrew Martin`	Director	210,108
Ian El-Mokadem	PDMR	166,752
Andrew Furlong	PDMR	163,768
Jane Kingston	PDMR	118,060
Miguel Ramis	PDMR	196,414
Mark White	PDMR	132,068

Under the LTIP, participants may become entitled to Shares if the Company satisfies stringent corporate performance targets based upon Total Shareholder Return relative to companies in the FTSE 100 index (excluding its financial services constituents), and Free Cash Flow, each relating to 50% of an award.  

2.  Long-Term Incentive Plan Release

On 1 December 2009, the following Directors and PDMRs requested the release of their vested awards made under the LTIP (which were granted for nil consideration) following satisfaction of both the Free Cash Flow and Total Shareholder Return performance conditions in the three years ended 30 September 2009 and the following Shares were issued:

Name	Director or PDMR	Number of Shares
Richard Cousins	Director	419,384
Gary Green	Director	298,706
Andrew Martin	Director	279,588
Didier Coutte	PDMR	237,650
Ian El-Mokadem	PDMR	230,660
Jane Kingston	PDMR	159,366
Mark White	PDMR	178,936

Messrs Coutte and El-Mokadem disposed of all of their 237,650 and 230,660 Shares respectively on 1 December 2009 at 442.2855 pence per share. In addition, the Shares noted below were sold on 1 December 2009 at 442.2855 pence per Share in order to realise sufficient funds to settle resultant UK tax and social security liabilities arising from such issue as shown below:  

Name	Number of Shares sold
Richard Cousins	167,819
Andrew Martin	111,879
Jane Kingston	63,772
Mark White	71,603

3. Option Exercise

On 1 December 2009, Didier Coutte exercised 500,000 share options at an option price of 229.25 pence per Share and disposed of all the resulting Shares at 440.3319 pence per Share.  

4.  Disposal of Shares

On 30 November 2009, Gary Green sold 213,471 Shares at a price of 436.7476 pence per Share.  However, following the release of the LTIP shares noted above, his shareholding has increased as shown below.

5. Resultant Shareholdings

Following the transactions detailed above, Messrs Cousins, Coutte, Green, Martin, El-Mokadem, White and Ms Kingston are interested in Shares as shown below:

Name	Number of Shares	Percentage of Issued Share Capital
Richard Cousins	*1,034,611	0.0556%
Didier Coutte	**779,111	0.0419%
Andrew Martin	620,531	0.0333%
Gary Green	1,081,630	0.0582%
Ian El-Mokadem	300,958	0.0162%
Jane Kingston	95,594	0.0051%
Mark White	***107,333	0.0057%

*    251,565 Shares are registered in the name of Mrs C Cousins.

**  400,000 Shares are registered in the name of The Didier Coutte 2002 Life Interest Settlement.

*** 107,333 Shares are registered in the name of Mrs M B White.  

ENDS

Enquiries:

Compass Group PLC

[phone]

Investors/Analysts: Mark J White, General Counsel & Company Secretary

Media: Chris King, Group Head of Media Relations

Note to Editors

Compass Group is the world's leading foodservice company. We specialise in providing food, vending and related services on our clients' premises and we generated annual revenues of over £13 billion in the year to 30 September 2009. The company operates across the following core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio. For more information visit www.compass-group.com.  

 

END

 

 

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