Director/PDMR Shareholding

RNS Number : 0743C

IMI PLC

10 April 2013

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.            Name of the issuer

IMI plc

2.            State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

Disclosure relates to point (i)

3.            Name of person discharging managerial responsibilities/director

Paul Cleaver - PDMR (President, Norgren)

4.            State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.            Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification in respect of person named in 3 above

6.            Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 25p each

7.            Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Paul Cleaver

8.            State the nature of the transaction

Award of shares under the IMI plc Share Matching Plan ("SMP") as detailed below.

9.            Number of shares, debentures or financial instruments relating to shares acquired

Nil

10.          Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.          Number of shares, debentures or financial instruments relating to shares disposed

N/A

12.          Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.          Price per share or value of transaction

N/A

14.          Date and place of transaction

10 April 2013, London

15.          Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

40,926 - 0.01%

16.          Date issuer informed of transaction

10 April 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.          Date of grant

9 April 2013

18.          Period during which or date on which it can be exercised

Under normal circumstances, the award will vest on 09 April 2016 subject to the applicable performance conditions being met and will be exercisable until 09 April 2023.

19.          Total amount paid (if any) for grant of the option

No consideration was paid for the grant of the option.

20.          Description of shares or debentures involved (class and number)

Award in the form of a nil cost option granted under the SMP over 25,789 Ordinary shares of 25p each

21.          Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil.

22.          Total number of shares or debentures over which options held following notification

78,593 shares are subject to outstanding awards under the SMP.

23.          Any additional information

None

24.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

J O'Shea - Company Secretary

Date of notification

10 April 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.            Name of the issuer

IMI plc

2.            State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

Disclosure relates to point (i)

3.            Name of person discharging managerial responsibilities/director

Tim Hubbard - PDMR (President, IMI Cornelius Group)

4.            State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

 N/A

5.            Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification in respect of person named in 3 above

6.            Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 25p each

7.            Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Tim Hubbard

8.            State the nature of the transaction

Transfer of 13,694 shares into the IMI plc Share Matching Plan ("SMP").  Tim Hubbard therefore invested 13,694 shares into the 2013 SMP.

9.            Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.          Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.          Number of shares, debentures or financial instruments relating to shares disposed

N/A

12.          Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.          Price per share or value of transaction

N/A

14.          Date and place of transaction

9 April 2013, London

15.          Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

52,950 - 0.02%

16.          Date issuer informed of transaction

9 April 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.          Date of grant

09 April 2013

18.          Period during which or date on which it can be exercised

Under normal circumstances, the award will vest on 9 April 2016 subject to the applicable performance conditions being met.

19.          Total amount paid (if any) for grant of the option

No consideration was paid for the grant of the award.

20.          Description of shares or debentures involved (class and number)

Award in the form of a deferred award granted under the SMP over 30,005 Ordinary shares of 25p each

21.          Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22.          Total number of shares or debentures over which options held following notification

100,974 shares are subject to outstanding awards under the SMP.

23.          Any additional information

None

24.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

J O'Shea - Company Secretary

Date of notification

10 April 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in capital letters

1.            Name of the issuer

IMI plc

2.            State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

Disclosure relates to point (i)

3.            Name of person discharging managerial responsibilities/director

Douglas Hurt - Director and PDMR

4.            State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.            Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification in respect of person named in 3 above.

6.            Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 25p each

7.            Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Douglas Hurt

8.            State the nature of the transaction

Release of 47,273 invested shares held under the IMI plc Share Matching Plan ("SMP") which were originally invested on 4 May 2010 and transfer of 22,468 of those shares back into the SMP.  Douglas Hurt therefore re-invested 22,468 shares back into the SMP. 

Exercise of award in respect of 19,064 shares under the SMP, representing part of the vested portion of the matching award made in 2010 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

A further exercise of award in respect of another 8,724 shares under the SMP, also representing part of the vested portion of the matching award made in 2010 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

Sale of 13,117 shares to raise funds to pay the tax liabilities and dealing charges associated with the aforementioned exercises.  Sale of a further 14,671 shares for own account.

9.            Number of shares, debentures or financial instruments relating to shares acquired

27,788

10.          Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.009%

11.          Number of shares, debentures or financial instruments relating to shares disposed

27,788

12.          Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

0.009%

13.          Price per share or value of transaction

19,064 shares at £12.212128 and 8,724 shares at £12.111627.

14.          Date and place of transaction

Release and reinvestment of invested shares under the SMP took place on 9 April 2013.

Exercise of award in respect of 19,064 shares and the sale of those shares took place on 9 April 2013.

Exercise of award in respect of 8,724 shares and the sale of those shares took place on 10 April 2013. 

All transactions took place in London.

15.          Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

201,650 - 0.06%

Relative to basic salary (calculated at the closing price on 8 April 2013) the level of holding is 597% and is 1,496% taking in account all vested but unexercised share awards which are counted towards the share ownership guidelines set by the Remuneration Committee.

16.          Date issuer informed of transaction

10 April 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.          Date of grant

09 April 2013

18.          Period during which or date on which it can be exercised

Under normal circumstances, the award will vest on 09 April 2016 subject to the applicable performance conditions being met and will be exercisable until 09 April 2023.

19.          Total amount paid (if any) for grant of the option

No consideration was paid for the grant of the option.

20.          Description of shares or debentures involved (class and number)

Award in the form of a nil cost option granted under the SMP over 84,784 Ordinary shares of 25p each.

21.          Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil.

22.          Total number of shares or debentures over which options held following notification

886,550 shares are subject to outstanding awards under the SMP.

23.          Any additional information

None

24.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

J O'Shea - Company Secretary

Date of notification

10 April 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.            Name of the issuer

IMI plc

2.            State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

Disclosure relates to point (i)

3.            Name of person discharging managerial responsibilities/director

Martin Lamb - Director and PDMR

4.            State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.            Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification in respect of person named in 3 above.

6.            Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 25p each

7.            Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Martin Lamb.

8.            State the nature of the transaction

Release of 97,377 invested shares held under the IMI plc Share Matching Plan ("SMP") which were originally invested on 4 May 2010.  Transfer of 49,263 of those shares back into the SMP.  Retention of the balance.

Exercise of award in respect of 336,154 shares under the SMP, representing part of the vested portion of the matching award made in 2009 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

A further exercise of award in respect of another 153,814 shares under the SMP, also representing part of the vested portion of the matching award made in 2009 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

Sale of 231,266 shares to raise funds to pay the tax liabilities and dealing charges associated with the aforementioned exercises.  Sale of a further 258,702 shares for own account.

9.            Number of shares, debentures or financial instruments relating to shares acquired

489,968

10.          Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.2%

11.          Number of shares, debentures or financial instruments relating to shares disposed

489,968

12.          Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

0.2%

13.          Price per share or value of transaction

336,154 shares at £12.212128 and 153,814 shares at £12.111627.

14.          Date and place of transaction

Release and reinvestment of invested shares under the SMP took place on 9 April 2013.

Exercise of award in respect of 336,154 shares and the sale of those shares took place on 9 April 2013.

Exercise of award in respect of 153,814 shares and the sale of those shares took place on 10 April 2013. 

All transactions took place in London.

15.          Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

229,480 - 0.07%

Relative to basic salary (calculated at the closing price on 8 April 2013) the level of holding is 371% and is 1,121% taking in account all vested but unexercised share awards which are counted towards the share ownership guidelines set by the Remuneration Committee.

16.          Date issuer informed of transaction

10 April 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.          Date of grant

9 April 2013

18.          Period during which or date on which it can be exercised

Under normal circumstances, the award will vest on 9 April 2016 subject to the applicable performance conditions being met and will be exercisable until 9 April 2023.

19.          Total amount paid (if any) for grant of the option

No consideration was paid for the grant of the option.

20.          Description of shares or debentures involved (class and number)

Award in the form of a nil cost option granted under the SMP over 185,898 Ordinary shares of 25p each.

21.          Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil.

22.          Total number of shares or debentures over which options held following notification

1,296,776 shares are subject to outstanding awards under the SMP.

23.          Any additional information

None

24.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

J O'Shea - Company Secretary

Date of notification

10 April 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.            Name of the issuer

IMI plc

2.            State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

Disclosure relates to point (i)

3.            Name of person discharging managerial responsibilities/director

Peter Spencer - PDMR (President, Merchandising)

4.            State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.            Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification in respect of person named in 3 above

6.            Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 25p each

7.            Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Peter Spencer

8.            State the nature of the transaction

Acquisition of 8,490 shares and the transfer of those shares into the IMI plc Share Matching Plan (the "SMP").  Peter Spencer therefore invested 8,490 shares into the SMP.

9.            Number of shares, debentures or financial instruments relating to shares acquired

8,940

10.          Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.003%

11.          Number of shares, debentures or financial instruments relating to shares disposed

N/A

12.          Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.          Price per share or value of transaction

£12.21746 Date and place of transaction

8 April 2013, London

14.          Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

29,143 - 0.009%

15.          Date issuer informed of transaction

9 April 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

16.          Date of grant

9 April 2013

17.          Period during which or date on which it can be exercised

Under normal circumstances, the award will vest on 9 April 2016 subject to the applicable performance conditions being met and will be exercisable until 9 April 2023.

18.          Total amount paid (if any) for grant of the option

No consideration was paid for the grant of the option.

19.          Description of shares or debentures involved (class and number)

Award in the form of a nil cost option granted under the SMP over 18,553 Ordinary shares of 25p each

20.          Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil.

21.          Total number of shares or debentures over which options held following notification

58,614 shares are subject to outstanding awards under the SMP.

22.          Any additional information

None

23.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

J O'Shea - Company Secretary

Date of notification

10 April 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in capital letters

1.            Name of the issuer

IMI plc

2.            State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

Disclosure relates to point (i)

3.            Name of person discharging managerial responsibilities/director

Roy Twite - Director and PDMR

4.            State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Notification relates to Roy Twite and, in part, to his wife, Hazel Twite (a connected person).

5.            Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification relates to Roy Twite and, in part, to his wife, Hazel Twite (a connected person).

6.            Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 25p each

7.            Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Roy Twite and Hazel Twite

8.            State the nature of the transaction

Release of 38,823 invested shares held under the IMI plc Share Matching Plan ("SMP") which were originally invested on 4 May 2010.  Transfer of 20,670 of those shares back into the SMP.  Roy Twite therefore Re-invested 20,670 shares back into the SMP.  Transfer of the balance of those shares to Hazel Twite. 

Exercise of award in respect of 24,857 shares under the SMP, representing part of the vested portion of the matching award made in 2010 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

A further exercise of award in respect of another 11,374 shares under the SMP, also representing part of the vested portion of the matching award made in 2010 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

Exercise of award in respect of 60,055 shares under the SMP, representing part of the vested portion of the matching award made in 2009 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

A further exercise of award in respect of another 32,841 shares under the SMP, also representing part of the vested portion of the matching award made in 2009 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

Sale of 60,798 shares to raise funds to pay the tax liabilities and dealing charges associated with the aforementioned exercises.  Sale of a further 19,095 shares for own account.

9.            Number of shares, debentures or financial instruments relating to shares acquired

79,893

10.          Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.02%

11.          Number of shares, debentures or financial instruments relating to shares disposed

79,893

12.          Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

0.02%

13.          Price per share or value of transaction

54,812 shares at £12.212128 and 25,081 shares at £12.11167

14.          Date and place of transaction

Release and reinvestment of invested shares under the SMP took place on 9 April 2013.

Exercise of the matching award made in 2010 in respect of 24,857 shares and the sale of those shares took place on 9 April 2013.

Exercise of the matching award made in 2009 respect of 60,055 shares and the sale of those shares took place on 9 April 2013. 

Exercise of the matching award made in 2010 in respect of 11,374 shares and the sale of those shares took place on 10 April 2013.

Exercise of the matching award made in 2009 respect of 32,841 shares and the sale of those shares took place on 10 April 2013. 

All transactions took place in London.

15.          Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

186,427 - 0.06%

Relative to basic salary (calculated at the closing price on 8 April 2013) the level of holding is 609% and is 925% taking in account all vested but unexercised share awards which are counted towards the share ownership guidelines set by the Remuneration Committee

16.          Date issuer informed of transaction

10 April 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.          Date of grant

9 April 2013

18.          Period during which or date on which it can be exercised

Under normal circumstances, the award will vest on 9 April 2016 subject to the applicable performance conditions being met and will be exercisable until 9 April 2023.

19.          Total amount paid (if any) for grant of the option

No consideration was paid for the grant of the option.

20.          Description of shares or debentures involved (class and number)

Award in the form of a nil cost option granted under the SMP over 78,000 Ordinary shares of 25p each.

21.          Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil.

22.          Total number of shares or debentures over which options held following notification

451,009 shares are subject to outstanding awards under the SMP.

23.          Any additional information

None

24.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

J O'Shea - Company Secretary

Date of notification

10 April 2013

END

 

END

 

 

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