MGNS Morgan Sindall Group Plc

 

TIDMMGNS 
 
RNS Number : 8661P 
Morgan Sindall PLC 
31 March 2009 
 

MORGAN SINDALL plc 
(the "Company") 
 
 
Notification of Transactions by Directors 
 
 
Awards under the Morgan Sindall Executive Remuneration Plan 
On 30 March 2009, directors of the Company were granted options 
and/or conditional share awards over ordinary shares of 5p each in the capital 
of the Company ("shares") under the Morgan Sindall Executive Remuneration Plan 
2005 ("the Plan").  Under the Plan the directors were allowed to choose between 
receiving either conditional share awards or options or a mixture of both. 
 
 
Details of the directors and the number of shares under option 
and/or conditional share awards granted to them under the Plan are set out 
below: 
 
 
+----------------------+---------------------+--------------------------+ 
| Director             |  Number of shares   |  Number of conditional   | 
|                      | over which options  |      shares awarded      | 
|                      |      awarded        |                          | 
+----------------------+---------------------+--------------------------+ 
| John Morgan          |      219,828        |           Nil            | 
+----------------------+---------------------+--------------------------+ 
| Paul Smith           |      129,310        |          32,328          | 
+----------------------+---------------------+--------------------------+ 
| David Mulligan       |       76,294        |          19,073          | 
+----------------------+---------------------+--------------------------+ 
| Paul Whitmore        |        Nil          |          34,914          | 
+----------------------+---------------------+--------------------------+ 
 
 
The exercise price for the above options is GBP5.80 per share.  Subject to the 
satisfaction of an earnings per share performance condition, options will 
normally be exercisable for a period of 7 years from 30 March 2012. No 
consideration was paid for the grant of the options. 
 
 
Conditional share awards do not have an exercise price and will normally vest on 
30 March 2012 being the third anniversary of the date of grant, subject to 
continued employment with the Company and the satisfaction of an earnings per 
share performance condition.  No consideration was paid for the grant of the 
awards. 
 
 
Following the granting of the above options and conditional share awards under 
the Plan these directors maintain the following beneficial interests in the 
issued share capital of the Company: 
 
 
+---------------+--------------+------------+------------------+--------------+ 
| Director      | Beneficial   | % of the   | Total number of  | Total number | 
|               | interest in  | issued     | shares over      | of           | 
|               | the shares   | share      | which options    | conditional  | 
|               | of the       | capital of | are held         | share awards | 
|               | Company      | the        |                  | held         | 
|               |              | Company    |                  |              | 
+---------------+--------------+------------+------------------+--------------+ 
| John Morgan   | 4,497,508    |   10.46    |     625,740      |     Nil      | 
+---------------+--------------+------------+------------------+--------------+ 
| Paul Smith    | 171,622      |   0.399    |     373,706      |    76,177    | 
+---------------+--------------+------------+------------------+--------------+ 
| David         | 16,954       |   0.039    |     206,248      |    40,374    | 
| Mulligan      |              |            |                  |              | 
+---------------+--------------+------------+------------------+--------------+ 
| Paul          | 51,257       |   0.119    |       Nil        |    80,255    | 
| Whitmore      |              |            |                  |              | 
+---------------+--------------+------------+------------------+--------------+ 
 
 
This notification relates to transactions notified in accordance with both 
Disclosure Rule 3.1.4R (1) (a) and Disclosure Rule 3.1.4R (1) (c). 
 
 
 
 
Contact: 
 
 
Mary Nettleship    Tel: 020 7307 9218 
Company Secretary 
31 March 2009 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSILFLRVAILVIA 
 

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