Director/PDMR Shareholding
November 26 2007 - 12:05PM
UK Regulatory
RNS Number:5261I
Mouchel Parkman plc
26 November 2007
Mouchel Parkman plc
("the Company")
26 November 2007
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
Acquisition of shares under the terms of the Mouchel Parkman plc Co-Investment
Plan
On 23 November 2007, Halifax EES Trustees International Limited, as Trustees of
the Mouchel Parkman Employee Benefit Trust (formerly called the Mouchel No. 2
Employees' Share Ownership Plan Trust), purchased 136,924 ordinary shares of
0.25p in the Company at a price of #4.308547 per share, on behalf of employees
participating in the Mouchel Parkman 2004 Co-Investment Plan ("CIP"). Under the
terms of the CIP, all or part of participants' bonus is used to purchase shares
in the Company ("bonus shares") following which, an award of matching shares, on
a one for one basis, is made by the Company. The release of matching shares is
conditional on the participants' continued employment within the Group and
certain performance conditions being met. The Trustees have agreed to satisfy
the matching award of shares.
The following directors and senior managers (being persons discharging
managerial responsibility) acquired interests under the CIP as follows:
Directors No. of bonus shares No. of matching shares Total
Richard Cuthbert 16,980 16,980 33,960
Kevin Young 10,183 10,183 20,366
Other Persons Discharging Managerial Responsibility
Piers Clark 3,254 3,254 6,508
David Hills 4,538 4,538 9,076
Amanda Massie 4,440 4,440 8,880
Ruth Mundy 4,199 4,199 8,398
Gareth Nutt 1,907 1,907 3,814
The number of matching shares that will be transferred to participants is
conditional on the achievement of performance conditions at the end of the
3-year performance measurement period. The maximum number of shares will be
delivered if earnings per share (EPS) growth reaches retail prices index (RPI)
+12% per annum over the three-year period. Matching awards will not vest if EPS
growth is RPI +5% per annum or less and for EPS growth between RPI +5% per annum
and RPI +12% per annum a straight-line relationship applies. No retesting of
performance is permitted if the performance condition is not met at the end of
the three-year period.
Full details of the CIP can be found in the Remuneration Report of the Company's
Report and Accounts 2007.
---------Ends---------
Name of Contact for this Regulatory Announcement
Catherine Engmann
Assistant Company Secretary
Mouchel Parkman plc
Telephone: 01932 337 269
This information is provided by RNS
The company news service from the London Stock Exchange
END
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