9 Oct 2008 13:20
Styles & Wood Group plc (the "Company" or "Styles & Wood")
Notification of transactions of Director/Persons discharging managerial responsibility and connected persons
The Company was notified today that a director and persons discharging managerial responsibilities were today granted options under the Styles & Wood Group plc 2006 Performance Share Plan entitling them to acquire ordinary shares of £0.01 each in the share capital of the Company at an exercise price of £0.01 per share. No payment was made for the grant of the options.
The options have been granted as follows:
Position | Number of Shares under Option under 2008 grant | Total number of shares under Options held following grant | |
Ivan McKeever | CEO | 450,000 | 480,140 |
Steven Wilton | PDMR | 350,000 | 380,140 |
Andrew Shaw | PDMR | 200,000 | 220,478 |
Stephen Ramsden | PDMR | 200,000 | 220,478 |
Peter Hopley | PDMR | 200,000 | 206,039 |
The options are exercisable from 9 October 2011 to 8 October 2018 with exercise conditional upon the Company meeting a performance target set by the Remuneration Committee of the Company.
Enquiries:
Graham A Clark 0161 926 6000.
Group Finance Director of Styles & Wood