Molins PLC RDS Director/PDMR Shareholding (2161B)
February 28 2014 - 5:28AM
UK Regulatory
TIDMMLIN
RNS Number : 2161B
Molins PLC
28 February 2014
COMPANY ANNOUNCEMENT
For immediate release 28 February 2014
DIRECTORS/PDMR SHAREHOLDING
DEFFERED SHARE AWARDS
Molins PLC announces that a deferred share award of ordinary
shares in the Company was made on 27 February 2014 by its
Remuneration Committee, as a nil cost option under the rules of the
Company's annual management incentive bonus scheme, to the
following directors:
Director Number of Ordinary
Shares of 25p each
Mr D J Cowen 42,000
Mr R C Hunter 47,600
In order for the award to be realised the director must remain
in employment for three years from the award date. The rights in
the shares are deferred, such that any dividends and other
distributions attaching to the shares between the date of the award
and the realisation date do not form part of the award. In
exceptional circumstances and at the Company's discretion, the
Company may make a cash payment of a sum equivalent to the value of
the shares that would otherwise vest.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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