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Business Post Group (UKM)

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Monday 20 July, 2009

Business Post Group

VESTING OF LONG-TERM INCENTIV

RNS Number : 9440V
Business Post Group PLC
20 July 2009
 




20 July 2009




Business Post Group plc


VESTING OF LONG-TERM INCENTIVE PLAN 2006



Business Post announces that the under-mentioned directors and persons discharging management responsibilities ('PDMRs') have received vesting shares under the terms of the Business Post Group plc Long Term Incentive Plan. The shares vested on 17 July 2009 pursuant to conditional awards originally made on 17 July 2006. The disposals referred to below were made on 17 July 2009. The Business Post Employee Trust subsequently re-acquired the shares disposed of by the participants. The price in both transactions was 283p per share. The shares acquired by the Business Post Employee Trust will be used in fulfilling future incentive share scheme awards made by Business Post. The Trust holds 350,276 shares following this transaction equivalent to 0.64% of the issued share capital. Business Post's issued share capital is 54,674,237 ordinary 10p shares.



Director/PDMR

Total vested shares

Shares 

sold

Shares 

retained 

Total shares held after event. Number/% of share capital

Guy Buswell

229,197

93,972

135,225

266,466 (0.49%)

Steven Glew

92,046

37,740

54,306

 95,820 (0.18%)

Alec Ross

46,145

18,920

27,225

 57,286 (0.10%)

Steve Patrick

16,191

6,639

9,552

  9,552 (0.02%)

Terry Richards

16,191

-

16,191

 16,191 (0.03%)



- Ends -



For further information, please contact:

Business Post Group plc


  Guy Buswell (Group Chief Executive)

0121 335 1111

  Steven Glew (Group Finance Director)


01753 706 070

Hogarth Partnership


  John Olsen

Fiona Noblet 

020 7357 9477




This information is provided by RNS
The company news service from the London Stock Exchange
 
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