Directors. Interests
Morgan Sindall PLC
23 May 2005
MORGAN SINDALL plc
(the 'Company')
Notification of Directors' Interests
On 20 May 2005, directors 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, which was approved on 12 April 2005, the directors were
allowed to choose between receiving either conditional share awards or options
or a mixture of both.
Details of the directors and the number of shares under option and/or
conditional share awards granted to them under the Plan are set out below:
Executive Director Number of shares over which Number of conditional
options awarded shares awarded
John Morgan 107,736 0
Paul Smith 68,370 17,093
David Mulligan 35,220 8,805
Paul Whitmore 0 20,718
The exercise price for the above options is £7.24 per ordinary share. Subject
to the satisfaction of an earnings per share performance condition, options are
normally exercisable for a period of 7 years from 20 May 2008. No consideration
was paid for the grant of the options.
Conditional share awards do not have an exercise price and will normally vest on
20 May 2008 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 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:
Executive Director
Beneficial Total Total
interest % of the number of number of
in the issued share shares over conditional
shares of capital of which options share
the Company the Company are held awards held
John Morgan 5,831,038 13.82 115,782 61,727
Paul Smith 2,876 Less than 0.01 178,611 17,093
David Mulligan 1,250 Less than 0.01 39,334 8,805
Paul Whitmore 2,250 Less than 0.01 6,876 74,335
23 May 2005
Enquiries:
Mary Nettleship Tel: 020 7307 9218
Company Secretary
Matthew Smallwood Tel: 020 7 457 2020
College Hill Associates Limited
This information is provided by RNS
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