Release of Shares

RNS Number : 9237O

Galiform PLC

16 March 2009

 



GALIFORM PLC - DISCLOSURE OF TRANSACTIONS CONDUCTED BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY; OPERATION OF THE COMPANY'S SHARE INCENTIVE PLANS.

Release of shares from Deferred Bonus Plan 2006

The Company was notified today that the following directors have increased their shareholding in the Company due to a release of shares from the Deferred Bonus Plan 2006 (the 'Plan').  

Under the rules of the Plan, a third of the director's annual bonus was converted into shares and then held conditionally on behalf of the individuals by the Company's Employee Benefit Trust for a three year period before being released.  

The release of shares increases the individual shareholdings of the following directors: 

Executive Directors	Deferred Bonus Plan Shares Released	Shareholding following release
Matthew Ingle	112,711	1,822,050
Mark Robson	55,792	527,427

This announcement is made in accordance with the requirements of Disclosure and Transparency Rule 3.1.4.R

Enquiries should be directed to:

Caroline Bishop, Company Secretary:    020 7535 1140

 

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