Last checked at 2 Jul 2009 11:47
Date 2 July 2009
Southern Cross Healthcare Group PLC
Ordinary shares of 1p each
Southern Cross Healthcare Group PLC ('the Company') announces that on 1 July 2009 it granted an award in the UK for nil consideration over 150,000 shares (0.08% of issued share capital) under the Southern Cross Healthcare Group 2006 Performance Share Plan ("PSP") including the tax efficient Approved Section ("AS").
Pursuant to DR 3.1.4 and following notification received on 2 July in fulfilment of the obligations imposed by DR 3.1.2 we hereby announce that the award has been granted to Ms. Patricia Williamson who joined the Company as Group Human Resources Director on 1 July 2009. Patricia is a History & Economics graduate and has previously held senior roles in Calor Group, Barclays and, most recently, in Trader Media Group where she was Group Human Resources Director. She will serve on the Company's Executive Committee.
| PDMR | Plan | Current Award | Total Number of Shares over which awards now held |
| Patricia Williamson | PSP AS1 | 150,000 21,897 | 150,000 21,897 |
The awards take the form of options, being an option under the performance share plan, with a nil exercise price, together with an option under the approved section at an exercise price of £1.37 per share, to acquire shares in the future, subject to the performance condition being achieved.
The performance condition relates to Adjusted EBITDA for the financial year ending on 2nd October 2011. Subject to the rules of the PSP including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the awards is 1 July 2012.
William D. McLeish
Company Secretary
01325 351100
1 At the time of vesting, to the extent that there is a gain on the option granted under the Approved Section, PSP options will be forfeited to the same value.