Director/PDMR Shareholding
April 24 2009 - 9:15AM
UK Regulatory
TIDMFPT
RNS Number : 1407R
Forth Ports PLC
24 April 2009
FORTH PORTS PLC ("the Company")
In accordance with Disclosure Rules 3.1.4 R, we write to inform you that the
Company has made the following conditional awards under the Forth Ports PLC Long
Term Incentive Plan adopted by the Company on 3 May 2006:-
Long Term Incentive Plan 2006
Executive Directors
+------------------------+---------------+------------------+------------------+
| Name of Awardee | Date of Award | Maximum Number | Class of Shares |
| | | of Shares | Subject to Award |
| | | Subject to Award | |
+------------------------+---------------+------------------+------------------+
| Charles Graham Hammond | 23.04.09 | 42,177 | Ordinary Shares |
| | | | of Forth Ports |
| | | | PLC |
+------------------------+---------------+------------------+------------------+
| William Wilson Murray | 23.04.09 | 26,131 | Ordinary Shares |
| | | | of Forth Ports |
| | | | PLC |
+------------------------+---------------+------------------+------------------+
| Perry Dean Glading | 23.04.09 | 25,673 | Ordinary Shares |
| | | | of Forth Ports |
| | | | PLC |
+------------------------+---------------+------------------+------------------+
PDMRs
+------------------------+---------------+------------------+------------------+
| Name of Awardee | Date of Award | Maximum Number | Class of Shares |
| | | of Shares | Subject to Award |
| | | Subject to Award | |
+------------------------+---------------+------------------+------------------+
| Morag McNeill, Group | 23.04.09 | 16,504 | Ordinary Shares |
| Company Secretary | | | of Forth Ports |
| | | | PLC |
+------------------------+---------------+------------------+------------------+
| Nathan Thompson, | 23.04.09 | 23,381 | Ordinary Shares |
| Managing Director, | | | of Forth Ports |
| Property Division | | | PLC |
+------------------------+---------------+------------------+------------------+
| Alan Burns, Director, | 23.04.09 | 12,837 | Ordinary Shares |
| Scottish Ports | | | of Forth Ports |
| | | | PLC |
+------------------------+---------------+------------------+------------------+
The number of shares which will ultimately vest will be wholly dependent upon
demanding performance criteria being met. The performance criteria are based
upon growth in NAV of the Company's development properties and growth in
underlying ports profit.
No payment will be required from the Awardees for the shares which are subject
to the award.
The Vesting Date for each award shall be 30th April 2012 or earlier upon the
occurrence of an event stated in Rule 7.
The vesting of the shares conditionally awarded in 2006 is conditional on the
meeting of performance criteria relating to growth over the vesting period in
underlying ports profit and growth in NAV of the Company's development profit.
The ports profit element of the award was achieved in full and there was no
achievement of the NAV growth element. The following awards will therefore vest
on 30th April 2009.
+----------------------+----------------------+
| Executive Director | Number of Shares |
+----------------------+----------------------+
| C G Hammond | 13,756 |
+----------------------+----------------------+
| W W Murray | 8,620 |
+----------------------+----------------------+
| P D Glading | 9,706 |
+----------------------+----------------------+
+----------------------+----------------------+
| PDMR | Number of Shares |
+----------------------+----------------------+
| A C Burns | 4,740 |
+----------------------+----------------------+
| M McNeill | 3,950 |
+----------------------+----------------------+
| N J Thompson | 2,257 |
+----------------------+----------------------+
Following this notification, the Executive Directors and PDMR's are now
interested in the following Ordinary Shares of 50p in the capital of the
Company, namely:
+----------------+----------------------+----------------------------------------+
| Executive | Ordinary Shares of | Ordinary Shares of 50p conditionally |
| Director/PDMR | 50p each (percentage | vested under the Forth Ports Long Term |
| | of issued class) | Incentive Plan 2006 |
+----------------+----------------------+----------------------------------------+
| Mr C G Hammond | 96,773 (0.212%) | 84,820 |
+----------------+----------------------+----------------------------------------+
| Mr W W Murray | 171,620 (0.376%) | 52,541 |
+----------------+----------------------+----------------------------------------+
| Mr P D Glading | 24,806 (0.054%) | 51,361 |
+----------------+----------------------+----------------------------------------+
| Mr A C Burns | 12,697 (0.028%) | 26,013 |
+----------------+----------------------+----------------------------------------+
| Ms M McNeill | 9,329 (0.020%) | 32,985 |
+----------------+----------------------+----------------------------------------+
| Mr N J | 7,257 (0.016%) | 47,123 |
| Thompson | | |
+----------------+----------------------+----------------------------------------+
Enquiries:Charles Hammond, Group Chief Executive, Forth Ports PLC, Tel: 0131 555
8700
Wilson Murray, Group Finance Director, Forth Ports PLC, Tel: 0131 555 8700
Jon Coles, Brunswick Group, Tel: 0207 404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
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