Directors' Shareholdings

RNS Number : 5229O

Cropper(James) PLC

19 September 2011

 



19 September 2011

JAMES CROPPER PLC ('THE COMPANY')

Directors' Shareholdings

Long-Term Incentive Plan Award

The Company announces that on 19 September 2011, under the terms of The James Cropper PLC 2008 Long Term Incentive Plan ("The Plan"), the following executive directors were awarded ordinary shares of 25 pence each in the Company at a value of £2.175 per share.

	Shares
A.I.Lewis	25,000
J.M.Denman	20,000
N.A.Read	20,000
P.J.Willink	20,000
G.T.Quayle	20,000
Total	105,000

The share award is the maximum award available under the Plan as the Company's adjusted earnings per share for the financial period ending 2 April 2011 exceeded its adjusted earnings per share for the financial period 29 March 2008 by the increase in the retail price index over the three year period commencing with the date of the grant of the awards plus 2.5% per year.

On the same day each of the executive directors disposed of 50% of the above shares awarded in order to settle the income tax/nic liabilities on the award. The shares disposed of were acquired by James Cropper EBT Ltd, trustees of the James Cropper Employee Trust at a value of £2.175 per share. The purchase was to satisfy future releases under the James Cropper Plc 2008 Long Term Incentive Plan.

James Cropper EBT Ltd is now interested in 114,000 ordinary shares of 25 pence each which represents 1.35% of the issued share capital of the Company.

As a result of these movements the beneficial and non-beneficial interests of the Executive Directors of the Company and the other Directors of the Company who are also directors of James Cropper EBT Ltd  are as follows:

	Number of Ordinary Shares	Percentage of issued share capital
A.I.Lewis
Beneficial	67,761	0.80%
Non-beneficial	Nil	Nil
J.M.Denman
Beneficial	11,716	0.14%
Non-beneficial	Nil	Nil
N.A.Read
Beneficial	19,289	0.23%
Non-beneficial	Nil	Nil
P.J.Willink
Beneficial	36,306	0.43%
Non-beneficial	1,132,408	13.37%
G.T.Quayle
Beneficial	20,327	0.24%
Non-beneficial	28,084	0.33%
M.A.J. Cropper
Beneficial	1,206,540	14.24%
Non-beneficial	114,000	1.35%
J.A Cropper
Beneficial	568,337	6.71%
Non-beneficial	466,918	5.51%
J.E. Sharp
Beneficial	7,950	0.09%
Non-beneficial	114,000	1.35%
D.R. Wilks
Beneficial	7,445	0.09%
Non-beneficial	114,000	1.35%

Enquiries:
David Carey, Company Secretary	Andrew Kitchingman, Director Corporate Finance
James Cropper PLC	Arbuthnot Securities
Tel: [phone]	Tel: [phone]
www.cropper.com

 

END

 

 

RDSDKCDDABKDACD