Director/PDMR Shareholding
Pendragon PLC
31 March 2008
31 March 2008
RNS: 231820
NO: 599
PENDRAGON PLC ('Pendragon' or the 'Company')
Acquisitions and disposals of ordinary shares
Following transactions occurring on 31 March 2008, the directors have notified
the Company that they have all invested their total net bonuses for 2007 in
Pendragon ordinary shares, and the number of shares each director has acquired
is as follows:-
Director Number of Shares Percentage of issued Price per share
acquired capital
T G Finn 191,017 0.0291% £0.335
M S Casha 106,122 0.0162% £0.335
D R Forsyth 74,286 0.0113% £0.335
H C Sykes 53,062 0.0080% £0.335
The directors have also notified the Company that following these purchases,
they have sold the following ordinary shares:-
Director Number of Shares sold Percentage of issued Price per share
capital
T G Finn 191,017 0.0291% £0.335
M S Casha 106,122 0.0162% £0.335
D R Forsyth 74,286 0.0113% £0.335
H C Sykes 53,062 0.0080% £0.335
The executive directors' respective beneficial holdings in Pendragon ordinary
shares are detailed below:-
Director Holding % of Share Capital
T G Finn 16,514,996 2.517%
M S Casha 5,101,972 0.777%
D R Forsyth 1,865,439 0.284%
H C Sykes 1,844,662 0.281%
This announcement is intended to satisfy obligations under the Disclosure and
Transparency Rules 3.1.4R (1).
Conditional awards for 2008 under the Pendragon Long Term Incentive Plan 2008
('LTIP')
The 2008 matching award and performance award under the LTIP was granted on 31
March 2008 to the executive directors listed below:-
Director Number of matching awards Number of performance awards
T G Finn 336,828 1,439,440
M S Casha 187,129 799,689
D R Forsyth 130,991 559,782
H C Sykes 93,566 399,844
Matching awards are an award over a fixed number of ordinary shares that matches
(based on the gross amount a director would have invested were it not for the
deduction of tax and employee national insurance contributions) the number of
ordinary shares that the directors have chosen to purchase using annual bonus
for 2007.
The vesting of the matching and performance awards under the LTIP is subject to
the satisfaction of performance conditions based on growth in earnings per share
and total shareholder return over a three year period, details of which were set
out in a circular to shareholders dated 27 March 2006, and which are also set
out in the 2007 Annual Report and Accounts of the Company.
Following the grant of these awards, the total number of options over ordinary
shares in the Company held by each of the directors is as follows:-
Director Number of options
T G Finn 3,060,190
M S Casha 1,706,984
D R Forsyth 1,216,698
H C Sykes 880,965
HILARY C SYKES
31 MARCH 2008
Enquiries: Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725114
David Forsyth, Finance Director
Finsbury Gordon Simpson Tel: 0207 2513801
- ENDS-
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