MGNS Morgan Sindall Group Plc

 

TIDMMGNS 
 
RNS Number : 3666Q 
Morgan Sindall PLC 
08 April 2009 
 

Morgan Sindall plc 
 
 
 ('the Company') 
 
 
Notification of Transactions by Directors 
 
 
 
 
Executive Remuneration Plan 2005 (the 'Plan') 
 
 
On 5 April 2006 the Company granted awards under the Plan to its executive 
directors in respect of ordinary shares of 5p each in the Company ('shares'). 
These awards took the form of performance shares or, at the election of each 
individual, options to subscribe for shares. Following satisfaction in full of 
the performance conditions to which the awards were subject, the Company 
announces that the performance shares have vested in full and the share options 
have become exercisable in full. 
 
 
The Company therefore announces, in accordance with the Company's obligations 
under paragraph 3.1.4 R (1) of the Disclosure and Transparency Rules, the 
numbers of shares which were transferred to the individuals below on 7 April 
2009. 
 
 
These shares comprised those performance shares conditionally awarded to the 
individuals on 5 April 2006 and additional shares representing the dividend 
equivalent to which the individuals are entitled under the Plan 
 
 
These shares were satisfied from market purchased shares held in the Morgan 
Sindall Employee Benefit Trust. 
 
 
In addition, certain of the directors named below have disposed of a proportion 
of the shares vesting in order to fund the tax and national insurance 
contribution payable in respect of them. 
 
 
+--------------------------+--------------+-------------------+-------------+---------------+ 
| Name of Director         |  Number of   |    Number of      |    Total    |  Number of    | 
|                          | performance  |     dividend      |  number of  |    shares     | 
|                          |    shares    |equivalent shares  |   shares    |   disposed    | 
|                          |   awarded    |                   |   vested    |               | 
+--------------------------+--------------+-------------------+-------------+---------------+ 
|                          |              |                   |             |               | 
+--------------------------+--------------+-------------------+-------------+---------------+ 
| Paul Smith               |    11,914    |      1,971        |   13,885    |    5,639      | 
+--------------------------+--------------+-------------------+-------------+---------------+ 
| David Mulligan           |    4,766     |        788        |    5,554    |      Nil      | 
+--------------------------+--------------+-------------------+-------------+---------------+ 
| Paul Whitmore            |    13,106    |      2,169        |   15,275    |    6,204      | 
+--------------------------+--------------+-------------------+-------------+---------------+ 
 
 
 
 
The market value of a share on 7 April 2009 was 585.25p and the shares disposed 
were sold to the Morgan Sindall Employee Benefit Trust at that price. 
 
 
Following these transactions, the interests (all of which are beneficial) of the 
directors in the share capital of the Company are as follows: 
+--------------------+------------------+----------------+------------------+---------------+ 
| Name of Director   |    Beneficial    |% issued share  | Total number of  | Total number  | 
|                    |   interest in    |capital of the  |   shares over    |      of       | 
|                    |      shares      |    Company     |  which options   |  conditional  | 
|                    |                  |                |    are held      | share awards  | 
|                    |                  |                |                  |     held      | 
+--------------------+------------------+----------------+------------------+---------------+ 
|                    |                  |                |                  |               | 
+--------------------+------------------+----------------+------------------+---------------+ 
| Paul Smith *       |     213,749      |     0.50%      |     373,706      |    64,263     | 
+--------------------+------------------+----------------+------------------+---------------+ 
| David Mulligan     |      22,508      |     0.05%      |     206,248      |    35,608     | 
+--------------------+------------------+----------------+------------------+---------------+ 
| Paul Whitmore      |      60,328      |     0.14%      |        0         |    67,149     | 
+--------------------+------------------+----------------+------------------+---------------+ 
 
*Please note that Paul Smith's shareholding is based on an opening balance of 
205,503 shares, as opposed to the total of 171,622 which was incorrectly stated 
in the Company's 2008 Report and Accounts and in the Notification of 
Transactions by Directors released on 31 March 2009. 
 
 
Enquiries: 
Mary Nettleship    Tel: 020 7307 9200 
Company Secretary 
 
 
8 April 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSILFSFSRITIIA 
 

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