Director/PDMR Shareholding

RNS Number : 9630H

Molins PLC

02 March 2010

 



                                                                                                                                                       2 March 2010

DIRECTORS/PDMR DEFERRED SHARE AWARDS

Molins PLC announces that a deferred share award of ordinary shares in the Company was made by its Remuneration Committee on 1 March 2010, 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                                                                          113,400

Mr  R C Hunter                                                                            128,000

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.

 

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