REG - Hill & Smith Hdgs. - Director/PDMR Shareholding <Origin Href="QuoteRef">HILS.L</Origin>

Hill & SmithAnnouncement

16/03/2015 11:01

RNS Number : 5241H
Hill & Smith Hldgs PLC
16 March 2015
HILL & SMITH HOLDINGS PLC
Hill & Smith 2007 Long-term Incentive Plan
Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules
Hill & Smith Holdings PLC announces that the Remuneration Committee has approved the vesting of 92.7% of the awards that had been made on 21 March 2012 to the below Directors and persons discharging managerial responsibilities in accordance with the rules of the Hill & Smith Holdings PLC 2007 Long-term Incentive Plan.
Share awards granted on 21 March 2012
Dividend Reinvestment
Shares Vested under 2012 award
Derek Muir
125,091
13,226
128,820
Mark Pegler
73,941
8,434
81,759
Mark Tonks
58,886
6,224
60,339
The participants are not required to make any payment for the vesting shares which vest on achievement of specified performance targets of growth in underlying earnings per share and relative total shareholder return. 
As a result of the above vesting and the sale of some of the vested shares to meet the tax and national insurance liability payable by the individual, the current shareholdings of each individual is as follows:
Number of shares sold
Disposal price (per share)
Outstanding LTIP Awards
Resultant Beneficial
interest
Resultant
holding (%)
Derek Muir
60,264
594p
178,447
211,698
0.27
Mark Pegler
38,427
594p
114,109
94,730
0.12
Mark Tonks
28,359
594p
37,600
52,454
0.07
Enquiries
Alex Henderson
Company Secretary
Hill & Smith Holdings PLC
Tel: 0121 704 7430

This information is provided by RNS
The company news service from the London Stock Exchange
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