Last checked at 1 Jun 2009 15:11
Date 1 June 2009
Southern Cross Healthcare Group PLC
Ordinary shares of 1p each
Southern Cross Healthcare Group PLC ('the Company') announces that on 29 May 2009 it granted awards in the UK for nil consideration over 2,365,000 shares (1.26% 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 notifications received on 1 June in fulfilment of the obligations imposed by DR 3.1.2 we hereby announce that the following awards have been granted to PDMRs.
| PDMR | Plan | Current Award | Existing Award | Total Number of Shares over which awards now held |
| Janette Malham | PSP AS1 | 200,000 23,622 | 39,130 | 239,130 23,622 |
| David Smith | PSP AS1 | 200,000 23,622 | 21,739 | 221,739 23,622 |
| William McLeish | PSP AS1 | 65,000 23,622 | 17,391 | 82,391 23,622 |
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 £1.27 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 29 May 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.