Morgan Sindall Group Regulatory News (MGNS)

6 Apr 2006 15:16

Morgan Sindall PLC06 April 2006 MORGAN SINDALL plc (the "Company") Notification of Transactions by Directors' and Persons Discharging Managerial Responsibility Awards under the Morgan Sindall Executive Remuneration Plan On 5 April 2006, directors and persons discharging managerial responsibility ("PDMRs) of the Company were granted options and/or conditional share awards overordinary shares of 5p each in the capital of the Company ("shares") under theMorgan Sindall Executive Remuneration Plan 2005 (the "Plan"). Under the Plan,which was approved on 12 April 2005, the directors and PDMRs were allowed tochoose between receiving either conditional share awards or options or a mixtureof both. Details of the directors and PDMRs and the number of shares under option and/orconditional share awards granted to them under the Plan are set out below: Director/PDMRS Number of shares over which Number of conditional shares options awarded awarded John Morgan * 81,016 NilPaul Smith * 47,656 11,914David Mulligan * 28,594 4,766Paul Whitmore * Nil 13,106Stewart Davenport 25,020 6,255Graham Grundon 21,446 5,361Graham Shennan 25,020 6,255Nigel Bennett 11,914 4,468Mark Cutler 17,872 4,468 * Director of Morgan Sindall plc The exercise price for the above options is £12.59 per ordinary share. Subjectto the satisfaction of an earnings per share performance condition, options arenormally exercisable for a period of 7 years from 5 April 2009. Noconsideration was paid for the grant of the options. Conditional share awards do not have an exercise price and will normally vest on5 April 2009 being the third anniversary of the date of grant, subject tocontinued employment with the Company and the satisfaction of an earnings pershare performance condition. No consideration was paid for the grant of theawards. Share award to Paul Smith In recognition of the record results achieved and the outstanding performance ofthe Company in 2005, Paul Smith was granted a deferred share award of 20,000shares. The deferred share awards do not have an exercise price and willnormally vest on 5 April 2008 being the second anniversary of the date of grant,subject to continued employment with the Company. No consideration was paid forthe grant of the award. Following the granting of the above options and conditional share awards underthe Plan and the deferred share award, these directors and PDMRs maintain thefollowing beneficial interests in the issued share capital of the Company, thefollowing number of shares under option and the following conditional shareawards: Executive Director Beneficial interest % of the issued Total number of shares Total number of in the shares of share capital of over which options are conditional share the Company the Company held awards held John Morgan * 4,331,038 10.22 196,798 61,727Paul Smith * 2,876 Less than 0.01 226,267 49,007David Mulligan * 1,250 Less than 0.01 67,928 13,571Paul Whitmore * 2,250 Less than 0.01 6,876 87,441Stewart Davenport 5,555 0.01 61,276 58,541Graham Grundon Nil Nil 95,632 13,907Graham Shennan Nil Nil 121,276 45,653Nigel Bennett 400 Less than 0.01 11,914 4,468Mark Cutler Nil Nil 17,872 4,468 * Director of Morgan Sindall plc In respect of those persons who are directors of the Company, this notificationrelates to transactions notified in accordance with both Disclosure Rule 3.1.4R(1) (a) and Disclosure Rule 3.1.4R (1) (b) and for the remainder it relates totransactions notified in accordance with Disclosure Rule 3.1.4R (1) (a). Contact: Mary Nettleship Tel: 020 7307 9218Company Secretary 6 April 2006 This information is provided by RNS The company news service from the London Stock Exchange