WYG Plc Director/PDMR Shareholding (4442A)
September 28 2015 - 10:58AM
UK Regulatory
TIDMWYG
RNS Number : 4442A
WYG Plc
28 September 2015
28(th) September 2015
WYG plc
PDMR/ Director Holdings
WYG plc (WYG or the Company), announces that on 24 September,
following the recommendation of the Company's remuneration
committee, Paul Hamer, Chief Executive Officer, and Sean Cummins,
Group Finance Director, have been awarded options to acquire
ordinary shares of 0.1p each (Ordinary Shares).
On 24 September 2015, Paul Hamer agreed to surrender 2,650,813
of the unvested awards made to him in July 2011 under the WYG
Transformation Incentive Plan (TIP). On the same date the Company's
remuneration committee awarded Mr Hamer 419,056 options under the
Performance Share Plan (PSP) approved by shareholders at the
Company's AGM earlier in the day.
On 24 September 2015, Sean Cummins agreed to surrender 1,169,116
of the unvested awards made to him in March 2012 under the WYG
Transformation Incentive Plan (TIP). On the same date the Company's
remuneration committee awarded Mr Cummins 193,410 options under the
Performance Share Plan (PSP).
In accordance with the rules of the PSP, the awards have been
granted as a conditional allocation of Ordinary Shares with a
nominal value exercise price and no shareholder rights will be
conferred upon the awardholder until the award has vested and
Ordinary Shares are acquired. The PSP awards are subject to
stretching performance conditions, clawback and retention
provisions, details of which are set out in the Circular to
shareholders dated 27 August 2015.
Following the awards, details of the beneficial holdings of Mr
Hamer and Mr Cummins are as follows:
Options
-------------- ----------------------- -------------------------- ------------------------------------
Ordinary Shares of WYG % of Issued Share capital TIP vested TIP unvested PSP
-------------- ----------------------- -------------------------- ----------- ------------- --------
Paul Hamer 126,842 0.19 1,437,906 225,000 419,056
-------------- ----------------------- -------------------------- ----------- ------------- --------
Sean Cummins 358,085 0.52 125,000 193,410
-------------- ----------------------- -------------------------- ----------- ------------- --------
The Company has 68,384,528 Ordinary Shares in issue.
ENDS
WYG plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
Sean Cummins, Group Finance Director
MHP Communications Tel: 020 3128 8100
John Olsen / Katie Hunt / Ollie Hoare
N+1 Singer Tel: 020 7496 3000
Sandy Fraser / Nick Owen
WH Ireland Limited Tel: 020 7220 1666
Adrian Hadden / Liam Gribben
This information is provided by RNS
The company news service from the London Stock Exchange
END
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