Director/PDMR Shareholding

RNS Number : 4842A

Hornby PLC

01 August 2008

 

Hornby Plc

('the Company')

Notification of Dealings in the Company's shares by Persons Discharging Managerial Responsibility ('PDMRs') and connected persons

The Company announces the following dealings by PDMRs in the Company's ordinary shares of 1p each ('Shares').

On 31 July 2008 the Company granted the following conditional awards ('Awards') under the Hornby plc Performance Share Plan.

Name	Number of Shares under Award	Number of Shares already held
Frank Martin	167,112	236,151
Andrew Morris	110,294	Nil
Nicholas Cole	35,094	20,000
John Stansfield	44,452	95,000
Michael Walters	35,094	Nil
Josep Pastor	36,876	1,850
Frits Passet	36,876	10,000

The Awards will vest on 31 July 2011, but only to the extent that certain performance conditions based on the Company's average annual earnings per share growth and relative total shareholder return over three financial years commencing with the current financial year are met.  

Each Award is granted on the basis that the awardholder will receive a benefit in Shares determined by reference to the value of the dividends that would have been paid on the Shares under the Award in respect of dividend record dates occurring between 31 July 2008 and the date of vesting.

No consideration is payable on the grant or vesting of the Awards.  

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.

Andrew J Morris

Finance Director

 

END

 

 

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