Director/PDMR Shareholding
March 15 2007 - 11:41AM
UK Regulatory
RNS Number:0507T
Molins PLC
15 March 2007
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
1. Name of the issuer
MOLINS PLC
2. State whether the notification relates to
(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
DISCLOSURE RELATING TO A DIRECTOR OF THE COMPANY.
3. Name of person discharging managerial responsibilities/director
MR DAVID JOHN COWEN
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify
the connected person
NO.
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
NOTIFICATION IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE.
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
ORDINARY SHARES OF 25p
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
PERSON REFERRED TO IN 3 ABOVE.
8. State the nature of the transaction
REALISATION OF SHARES AWARDED UNDER THE MOLINS PLC LONG TERM INCENTIVE
PLAN AND SALE OF THOSE SHARES.
9. Number of shares, debentures or financial instruments relating to shares
acquired
103,762
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
0.5
11. Number of shares, debentures or financial instruments relating to shares
disposed
103,762
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
0.5
13. Price per share or value of transaction
SHARES ACQUIRED : #NIL
SHARES DISPOSED OF : #1.68
14. Date and place of transaction
13 MARCH 2007, LONDON.
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
88,219
16. Date issuer informed of transaction
14 MARCH 2007.
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17. Date of grant
18. Period during which or date on which it can be exercised
19. Total amount paid (if any) for grant of the option
20. Description of shares or debentures involved (class and number)
21. Exercise price (if fixed at time of grant) or indication that price is
to be fixed at the time of exercise
22. Total number of shares or debentures over which options held following
notification
23. Any additional information
THIS TRANSACTION REPRESENTS THE REALISATION OF TWO CONDITIONAL AWARDS OF
ORDINARY SHARES UNDER THE COMPANY'S LONG TERM INCENTIVE PLAN AFTER THE
SIXTH ANNIVERSARY AND SUBSEQUENT SALE OF THOSE SHARES. THE PROCEEDS FROM
THE SALE WILL BE PARTIALLY USED TO SATISFY THE TAX LIABILITY ARISING FROM
THE REALISATION.
MR COWEN'S HOLDING OF MOLINS' 25p SHARES BEFORE AND AFTER THIS
TRANSACTION IS 88,219 SHARES.
24. Name of contact and telephone number for queries
ANDREW PENNYCUICK - 01908 219039
Name and signature of duly authorised officer of issuer responsible for
making notification
Date of notification 15 MARCH 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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