Director/PDMR Shareholding

RNS Number : 6275V

Cranswick PLC

10 August 2015

 



Director/PDMR Shareholding

Cranswick plc ("the Company")

The Company has been notified that the following award of LTIP options has been made, pursuant to the Company's Cranswick plc Long Term Incentive Plan (the "Scheme"), to certain Directors/Persons Discharging Managerial Responsibility ("PDMR") over 173,900 ordinary shares of 10 pence each in the Company ("Ordinary Shares"), as follows:  

Name	No. of LTIP options	Market price per share (p)
Martin Davey	28,200	1627.99
Adam Couch	54,200	1627.99
Mark Bottomley	35,900	1627.99
Jim Brisby	35,600	1627.99
Chris Aldersley	20,000	1600.00

In accordance with the LTIP scheme rules for conditional awards, the LTIP options were made to the Executive Directors based on a share price of 1627.99 pence per Ordinary Share, being the average quoted market price of the Company's shares on the three dealing days prior to the date of grant being 1^st August 2015.

The share price at the date the options were considered, and later awarded, to Chris Aldersley, the Chief Operating Officer, was 1600p on 24^th July 2015.

The LTIP options have been granted on a conditional basis and no shareholder rights will be conferred upon the grantee until the LTIP options have vested. Such vesting is subject to the achievement of the performance criteria of the Scheme over the 3 year measurement period to 31 March 2018.

Enquiries:

Malcolm Windeatt

Company Secretary

Cranswick plc

01482 372000

 

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