Director/PDMR Shareholding

RNS Number : 2089C

Molins PLC

02 March 2011

 

DIRECTOR/PDMR SHAREHOLDING

DEFERRED SHARE AWARDS

Molins PLC announces that a deferred share award of ordinary shares in the Company was made on 1 March 2011 by its Remuneration Committee, as a nil cost option under the rules of the Company's annual management incentive bonus scheme, to the following directors:

Director                                                     Number of Ordinary
                                                                     Shares of 25p each

Mr D J Cowen                                                                   81,600

Mr R C Hunter                                                                   92,200

In order for the award to be realised the director must remain in employment for three years from the award date. The rights in the shares are deferred, such that any dividends and other distributions attaching to the shares between the date of the award and the realisation date do not form part of the award.  In exceptional circumstances and at the Company's discretion, the Company may make a cash payment of a sum equivalent to the value of the shares that would otherwise vest.

 

END

 

 

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