Johnston Press PLC Director/PDMR Shareholding (8236Z)
December 15 2014 - 11:54AM
UK Regulatory
TIDMJPR
RNS Number : 8236Z
Johnston Press PLC
15 December 2014
Johnston Press plc (the "Company")
DIRECTOR'S/PDMR SHAREHOLDINGS
The Company announces that on 12 December 2014 Ashley Highfield,
Chief Executive Officer was granted an award over ordinary shares
of 1p each in the Company under the terms of the Johnston Press
Performance Share Plan 2006 (the "PSP"). No consideration was paid
for the grant of the PSP awards.
Name Total number Beneficial Total Interest
of shares Interest* Including
awarded Non-Beneficial**
------------- ------------- ----------- ------------------
A Highfield 50,078 152,847 628,663
------------- ------------- ----------- ------------------
Subject to the achievement of the performance criteria, the PSP
awards will normally vest on 12 December 2017 and may, to the
extent vested, be exercised during the 12 month period ending 11
December 2018. No consideration is payable on the exercise of the
PSP awards. Under the provisions of his contract of employment Mr
Highfield may invest a portion of his cash bonus payable in 2014
(in respect of 2013 performance) and receive a matching award on a
2-for-1 basis on a gross of tax basis. This award represents the
matching element of an investment of sums equivalent to his cash
bonus in the purchase of shares by Mr Highfield and has been
calculated on the basis of the middle market quotations of the
Company's share price during the period of five days ending on the
date before the date of grant, being GBP1.5975.
* Beneficial Interest: This includes shares held in trust under
the Johnston Press Share Incentive Plans, which holds shares to
satisfy awards under those plans (open to all eligible employees in
the United Kingdom).
** Total Interest Including Non-Beneficial: This includes shares
held by Johnston Press plc Employee Share Trust (a Jersey Trust)
which holds shares in order to satisfy awards under the Company's
share plans for executives.
This notification is made in accordance with DR3.1.4R(1)(a)
For further enquiries please contact the Company Secretary:
Peter McCall T: 0131 311 7500
15 December 2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
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