Director/PDMR Shareholding

RNS Number : 4585U

Paragon Group Of Companies PLC

21 December 2011

 



DIRECTOR SHAREHOLDING

Performance Share Plan

On 21 December 2011 The Paragon Group of Companies PLC granted the following awards of Ordinary Shares of £1.00 under the Paragon Performance Share Plan ("PPSP"):

Director	Award granted	Exercise period	Total awards outstanding
N S Terrington	480,912	21/12/14 - 20/12/21	3,005,290
N Keen	360,114	21/12/14 - 20/12/21	2,250,665
J A Heron	256,410	21/12/14 - 20/12/21	1,597,254

The awards under the PPSP are subject to a performance condition comparing the rank of the Company's total shareholder return ("TSR") against a comparator group of companies comprising the constituents of the FTSE 250 on the date of grant over the three years commencing on the date of grant.  25% of awards will vest for median performance, increasing on a straight line basis to full vesting for upper quartile performance.

Deferred Annual Bonus Scheme

On 21 December 2011 The Paragon Group of Companies PLC granted the following award of Ordinary Shares of £1.00 to certain directors of the Company, for nil consideration or payment, under the Company's Deferred Annual Bonus Scheme in respect of the bonuses for the year ended 30 September 2011.

Director	Award granted	Transfer date	Total awards outstanding
N S Terrington	108,198	1 October 2014	250,544
N Keen	78,952	1 October 2014	181,426
J A Heron	36,117	1 October 2014	104,357

Under the terms of the scheme the Company will procure that the shares are transferred to the scheme participants as soon as reasonably practicable after the transfer date reported above, subject to the conditions of the scheme, a participant continuing to hold office or employment with The Paragon Group of Companies PLC and to the provisions of the Model Code.

Enquiries:

John Gemmell, Company Secretary

0121 712 2075

 

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