Director/PDMR Shareholding

RNS Number : 8282Y

Molins PLC

27 February 2013

 



Company Announcement

FOR IMMEDIATE RELEASE                                                                                                            27 February 2013

DIRECTOR/PDMR SHAREHOLDING

DEFERRED SHARE AWARDS

Molins PLC announces that a deferred share award of ordinary shares in the Company was made on 27 February 2013 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	46,600
Mr R C Hunter	52,600

In order for the award to be realised the director must remain in the 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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