Novae Group plc : Director/PDMR Shareholding
(Thomson Reuters ONE) -
Novae Group plc
Director / PDMR shareholding
Long Term Incentive Plan Awards
Novae Group plc ("the Company") made awards on 28 March 2012 under its Long Term
Incentive Plan ("LTIP") to the three executive directors, over a total of
421,121 Ordinary shares of £1.125 in the Company ("Share(s)"). The market value
of a Share for the purpose of the awards made on 28 March 2012 was £3.7375.
The following executive directors of the Company each acquired a beneficial
interest in a number of Shares, as set out below.
+-----------+---------------+------------+-------------------+-----------------+
|Director |Number of |Percentage |Total number of |Percentage of |
| |Shares over |of Issued |Shares over which |Issued Share |
| |which LTIP |Share class*|outstanding LTIP |class* |
| |award made on | |awards have been | |
| |28 March 2012 | |made | |
| | | | | |
+-----------+---------------+------------+-------------------+-----------------+
|JR Adams | 125,133| 0.194%| 343,733| 0.534%|
+-----------+---------------+------------+-------------------+-----------------+
|ORP Corbett| 132,352| 0.205%| 357,352| 0.555%|
+-----------+---------------+------------+-------------------+-----------------+
|MK Fosh | 163,636| 0.254%| 426,436| 0.662%|
+-----------+---------------+------------+-------------------+-----------------+
LTIP awards were made over a total of 920,000 further Shares to 36 other senior
managers on the same date.
2011 Bonus taken in shares
Novae Group plc has been informed by the Trustees ("the Trustee") of the
Employee Benefit Trust ("the Trust") that the executive directors of Novae Group
plc ("the Company" or "the Group") increased their aggregate interests in
Ordinary shares of £1.125 in the Company ("Shares") on 28 March 2012, following
the delivery of net shares to the executive directors and other senior staff
under the 2011 bonus arrangements. As a result, the executive directors'
aggregate interests are now 1,783,375 Shares representing 2.768% of the
Company's issued ordinary share capital.
The executive directors each elected to receive their entire 2011 bonus in
Shares (the "2011 Bonus Shares"). The executive directors will receive a number
of shares equal to the 2011 Bonus Shares in three equal tranches on the first,
second and third anniversaries of the release of the 2011 Bonus Shares, provided
that the recipient is still in the Company's employment at that point or a good
leaver. The 2011 Bonus Shares received on 28 March 2012, net of those disposed
of to meet Tax and NIC obligations, are shown in the table below.
Net increase in beneficial interests
The 2011 Bonus Shares are subject to income tax at the recipient's marginal rate
of 50% ("Tax") and employee's National Insurance contributions ("NIC") at 2% on
the value of the Shares. The Shares sold to cover Tax and NIC were sold on 28
March 2012 by the Trustees of the Employee Benefit Trust at £3.74 per Share.
+----------+---------+------------+----------+----------+---------+------------+
| Name|Aggregate| Percentage| 2011| 2011|Aggregate| Percentage|
| | interest| of Issued| Bonus| Bonus| interest| of Issued|
| | b/fwd|Share class*| received| received| c/fwd|Share class*|
| | | | in| in| | |
| | | | Shares| Shares| | |
| | | | |net of Tax| | |
| | | | | and NIC| | |
| | | | | | | |
+----------+---------+------------+----------+----------+---------+------------+
| JR Adams| 665,133| 1.032%| 6,963| 3,342| 668,475| 1.037%|
+----------+---------+------------+----------+----------+---------+------------+
| ORP| 406,324| 0.631%| 8,356| 4,010| 410,334| 0.637%|
| Corbett| | | | | | |
+----------+---------+------------+----------+----------+---------+------------+
| MK Fosh| 700,556| 1.087%| 8,356| 4,010| 704,566| 1.094%|
+----------+---------+------------+----------+----------+---------+------------+
The Company's issued ordinary share capital consists of 65,085,640 Ordinary
shares of £1.125 each, of which 660,000 are held in treasury. Accordingly, the
total voting rights in the Company are 64,425,640.
Employee Benefit Trust holdings
The Trustee has today notified the Company that, following the transactions in
connection with the 2011 Bonus Shares, the Trustee holds a total of 412,084
Shares, representing 0.64% of the Company's issued ordinary share capital. The
executive directors of the Company, together with other employees, are potential
beneficiaries under the trust and are therefore treated as having an interest in
such Shares.
For further enquiries:
MJ Turvey
Group Legal Counsel and Company Secretary
020 7903 7300
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Novae Group plc via Thomson Reuters ONE
[HUG#1598066]
Unternehmensinformation / Kurzprofil:
Datum: 28.03.2012 - 18:05 Uhr
Sprache: Deutsch
News-ID 129569
Anzahl Zeichen: 6692
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 146 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Novae Group plc : Director/PDMR Shareholding"
steht unter der journalistisch-redaktionellen Verantwortung von
Novae Group plc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
