Director/PDMR Shareholding
Cookson Group PLC
01 April 2008
1 April 2008
Directors' Interests
Cookson Group plc
In accordance with the rules of the Cookson Group Long-Term Incentive Plan (the
'Plan') the executive Directors of Cookson Group plc have received their annual
allocations of Performance Shares. In addition, Nick Salmon, Chief Executive,
and Mike Butterworth, Group Finance Director, have both chosen to invest in
Cookson shares and as a result have received allocations of Matching Shares.
Performance Shares were allocated to executive Directors on 31 March 2008, based
upon the mid-market closing price for shares in Cookson Group plc ('the
Company') on 28 March 2008, of 643 pence. The allocations are as follows:
Director Performance Shares
N R Salmon 80,342
M G Butterworth 48,755
In accordance with the rules of the Plan, the executive Directors are eligible
to invest all or part of their Annual Incentive payment in shares in the Company
in return for which they would be granted an award of shares ('Matching Shares
'). In this regard Mr Salmon purchased 43,958 shares and Mr Butterworth
purchased 28,293 shares. Details of these purchases were announced on 12 March
2008. As a result of these investments in Company shares, Messrs Salmon and
Butterworth were yesterday allocated 154,942 and 99,727 Matching Shares
respectively.
Awards of Performance and Matching Shares under the Plan will normally vest on
or shortly after the third anniversary of the award date. The proportion of an
award that vests will be subject to the attainment of certain performance
conditions relating to the performance of the Company over the three financial
years to which the award relates, as detailed in the Annual Report.
As a result of the above, the revised interests of the executive Directors in
the shares of the Company are as follows:-
Director Total
Existing Performance Existing Matching 2008 allocation 2008 allocation Total Allocation
Shares allocated Shares allocated of Performance of Matching Allocation of of Matching
under the Long-Term under the Shares under the Shares under the Performance Shares
Incentive Plan Long-Term Long-Term Long-Term Shares
Incentive Plan Incentive Plan Incentive Plan
N R Salmon 281,883 352,987 80,342 154,942 362,225* 507,929*
M G Butterworth 132,925 107,812 48,755 99,727 181,680* 207,539*
Note:
* The performance period for the Plan awards made in 2005 ended on 31 December
2007. The Company achieved the requisite performance during this period and as
a result these awards will vest in full on the third anniversary of the award
date. 116,603 Performance Shares and 57,964 Matching Shares are therefore
expected to vest to Mr Salmon on 4 April 2008, and 40,636 Performance Shares to
Mr Butterworth on 2 August 2008.
Director Current Shareholdings
N R Salmon 137,735
M G Butterworth 65,015
Cookson Group plc
165 Fleet Street
London EC4A 2AE
Tel: +44 (0) 20 7822 0000
Fax: +44 (0) 20 7822 0100
Web: www.cooksongroup.co.uk
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