Last checked at 6 Jun 2013 09:18
Trinity Mirror plc
6 June 2013
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
In accordance with DTR 3.1.4.R, on 5 June 2013, Trinity Mirror plc (the "Company") was notified by the Trustees of the Trinity Mirror Deferred Award Share Plan (the "Plan") of the following changes in directors' interests in the Company's ordinary shares (the "Shares") arising out of the operation of the Plan.
The awards of Shares under the Plan, which represent deferred bonus relating to 2009 performance, were granted on 28 May 2010.
At the election of each recipient, shares may be released under the Plan at nil cost to the recipient within a period of six months from the third anniversary of grant. The Company has instructed the Trustees to sell sufficient shares to satisfy each director's PAYE and National Insurance liabilities. Each of the directors has retained the balance of shares released.
As a result of the above, the following transactions are disclosed:
Shares released from the Trust | Shares sold at £1.1026 to satisfy tax and NI liabilities | Shares retained | |
Mark Hollinshead | 61,067 | 29,475 | 31,592 |
Vijay Vaghela | 140,046 | 67,593 | 72,453 |
Paul Vickers | 91,600 | 44,211 | 47,389 |
The directors' shareholdings are as follows:
Total holding following this notification | Total holding as a percentage of shares in issue | |
Mark Hollinshead | 50,786 | 0.0197% |
Vijay Vaghela | 224,079 | 0.0870% |
Paul Vickers | 165,227 | 0.0641% |
As at 6 June 2013, the Company's issued share capital stands at 257,690,520 ordinary shares of 10p each.
Paul Vickers
Company Secretary