REG - Future PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">FUTR.L</Origin>

FutureAnnouncement

05/02/2015 17:11

RNS Number : 2081E
Future PLC
05 February 2015
Future plc
5 February 2015
Notification of Interests of Persons Discharging Managerial Responsibility ("PDMRs") and connected persons
Future plc ("the Company") announces the following dealings by PDMRs in the Company's ordinary shares of one penny each ("Shares").
On 4 February 2015 the Company received notification from Richard Haley thatan Award over 1,629,630 shares in the Company was granted to him by the Company under the Performance Share Plan (PSP).
The PSP Award will vest three years from the date of grant, at no cost to the participant, inaccordance with the rules of the PSP provided that the participant remains in employment of the Groupat the vesting date and subject to performance targets measured over the three financial years from 1 October 2014 to 30 September 2017 having been met. Vesting of the PSP Awards is subject to bothTotal Shareholder Return (TSR) and Earnings Per Share (EPS) performance.
The vesting of 50% of the PSP Awards will be determined by the Company's TSR performancemeasured against the constituent companies of the FTSE Small Cap Index (excluding investment trusts). If the Company'sperformance places it below median, none of that part of the PSP Awards will vest. If the TSRperformance places it above median ranking, 25% will vest through to 100% of that part if theCompany is ranked in the upper quintile (top 20%). To alleviate short-term volatility, the return index will be averaged in the TSR calculations for each company over the three months prior to the start andend of the performance period.
The vesting of the other 50% of the PSP Awards will be determined by the Company's EPSperformance. EPS growth targets have been determined by theRemuneration Committee for these PSP Awards as follows: in the event that the Company's EPSgrowth is less than 1.0p, none of that part of the PSP Awards will vest, vesting commences atover 1.0p where 25% of that part of the PSP Awards will vest and, at 1.4p, 100% of that part of the PSP Awards will vest. Vesting will be ona pro rata straight line basis between the two.
As a result of the above, the total interest of Richard Haley in shares in the Company as at 4 February 2015 is as set out in the table below:
Director
Total number of Shares under options and/or awards
Number of Shares held
Richard Haley
1,629,630
355,663
This notification is intended to satisfy the Company's obligations under Disclosure andTransparency Rule 3.1.4.
Enquiries:
Richard Haley,
Chief Financial Officer & Company SecretaryTel: 0207 042 4000
Future plc

This information is provided by RNS
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