Director/PDMR Shareholding

RNS Number : 3028Y

Molins PLC

28 February 2012

 



COMPANY ANNOUNCEMENT

                                                                     28 February 2012

DIRECTOR/PDMR SHAREHOLDING
DEFERRED SHARE AWARDS

Molins PLC announces that a deferred share award of ordinary shares in the Company was made on 28 February 2012 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	61,600
Mr R C Hunter	69,600

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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