Johnston Press PLC Director/PDMR Shareholding (2658T)
March 24 2016 - 12:13PM
UK Regulatory
TIDMJPR
RNS Number : 2658T
Johnston Press PLC
24 March 2016
Johnston Press plc (the "Company")
DIRECTORS/PDMR SHAREHOLDINGS
This notification is made in accordance with DTR
3.1.4(1)(a).
On 24 March 2016, awards over ordinary shares of 1 pence each in
Johnston Press plc ("Ordinary Shares") were made to certain persons
discharging managerial responsibilities ("PDMRs") under the
Johnston Press Performance Share Plan 2006, as follows:
Name of PDMR Number of Ordinary Shares held under award
------------------ -------------------------------------------
Ashley Highfield 1,247,099
------------------ -------------------------------------------
David King 797,563
------------------ -------------------------------------------
No consideration was paid for the grant of these awards which
are structured as nil-cost options.
The vesting of an award is subject to the satisfaction of
performance conditions set by the Remuneration Committee of the
Company. The awards will normally vest on the later of the third
anniversary of grant and the determination of the performance
conditions, and will then normally remain exercisable until the day
before the tenth anniversary of the date of grant provided the
individual remains an employee or officer of the group.
Also on 24 March 2016, awards over Ordinary Shares were made to
certain other PDMRs under the Johnston Press Restricted Share Plan
2015 (the "Restricted Share Plan"), as follows:
Name of Total number Vesting Date Normal Exercise
PDMR of Ordinary Period
Shares
held under
Award
-------------- ------------- ------------- ------------------
Jeff Moriarty 237,819 31 December Vesting Date
2017 to 23 March 2026
-------------- ------------- ------------- ------------------
237,819 31 December Vesting Date
2018 to 23 March 2026
-------------- ------------- ------------- ------------------
John Bills 236,658 31 December Vesting Date
2017 to 23 March 2026
-------------- ------------- ------------- ------------------
236,658 31 December Vesting Date
2018 to 23 March 2026
-------------- ------------- ------------- ------------------
Stephen 214,037 31 December Vesting Date
Gilliver 2017 to 23 March 2026
-------------- ------------- ------------- ------------------
214,037 31 December Vesting Date
2018 to 23 March 2026
-------------- ------------- ------------- ------------------
Peter McCall 128,770 31 December Vesting Date
2017 to 23 March 2026
-------------- ------------- ------------- ------------------
128,770 31 December Vesting Date
2018 to 23 March 2026
-------------- ------------- ------------- ------------------
The awards are structured as nil-cost options. No consideration
was paid for the grant of these awards and nothing is payable on
their exercise.
Awards are not subject to any performance conditions. The
vesting and exercise of an award is normally subject to the
participant being an employee within the Johnston Press group on
the relevant Vesting Date and the date of exercise.
Awards granted under the Restricted Share Plan may only be
satisfied using existing Ordinary Shares that have been purchased
in the market. Neither new issue shares nor treasury shares (other
than Ordinary Shares held in an employees' trust established by the
Company) may be used under the Restricted Share Plan.
Enquiries
For further information contact:
Peter McCall, Company Secretary +44 (0) 131 311 7500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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