Director/PDMR Shareholding
Morgan Sindall PLC
07 March 2007
MORGAN SINDALL plc
(the 'Company')
Notification of Transactions by Directors and Persons Discharging Managerial
Responsibility
Awards under the Morgan Sindall Executive Remuneration Plan
On 6 March 2007, directors and persons discharging managerial responsibility
('PDMRs') of the Company were granted options and/or conditional share awards
over ordinary shares of 5p each in the capital of the Company ('shares') under
the Morgan Sindall Executive Remuneration Plan 2005 ('the Plan'). Under the Plan
the directors and PDMRs were allowed to choose between receiving either
conditional share awards or options or a mixture of both.
Details of the directors and PDMRs and the number of shares under option and/or
conditional share awards granted to them under the Plan are set out below:
Director/ Number of shares over Number of conditional shares
PDMRS which options awarded awarded
John Morgan * 94,444 0
Paul Smith * 55,556 13,889
David Mulligan * 27,160 6,790
Paul Whitmore* 0 14,198
Stewart Davenport 27,160 6,790
Graham Shennan 28,396 7,099
Nigel Bennett 13,333 5,000
Mark Cutler 25,308 6,327
* Director of Morgan Sindall plc
The exercise price for the above options is £12.15 per share. Subject to the
satisfaction of an earnings per share performance condition, options are
normally exercisable for a period of 7 years from 6 March 2010. No consideration
was paid for the grant of the options.
Conditional share awards do not have an exercise price and will normally vest on
6 March 2010 being the third anniversary of the date of grant, subject to
continued employment with the Company and the satisfaction of an earnings per
share performance condition. No consideration was paid for the grant of the
awards.
Following the granting of the above options and conditional share awards under
the Plan these directors and PDMRs maintain the following beneficial interests
in the issued share capital of the Company, the following number of shares under
option and the following conditional share awards:
Director/ Beneficial % of the issued Total number of Total number of
PDMRS interest in the share capital of shares over which conditional
shares of the the Company options are held share awards
Company held
John
Morgan* 4,085,170 9.61 291,242 53,875
Paul 2,876 Less than 0.01 281,823 62,896
Smith *
David
Mulligan* 1,250 Less than 0.01 95,088 20,361
Paul
Whitmore* 6,006 0.01 6,876 95,273
Stewart
Davenport 8,434 0.02 88,436 60,450
Graham Nil Nil 149,672 52,752
Shennan
Nigel 400 Less than 0.01 25,247 9,468
Bennett
Mark Nil Nil 43,180 10,795
Cutler
* Director of Morgan Sindall plc
In respect of those persons who are directors of the Company, this notification
relates to transactions notified in accordance with both Disclosure Rule 3.1.4R
(1) (a) and Disclosure Rule 3.1.4R (1) (b) and for the remainder it relates to
transactions notified in accordance with Disclosure Rule 3.1.4R (1) (a).
Contact:
Mary Nettleship Tel: 020 7307 9218
Company Secretary
7 March 2007
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