Director/PDMR Shareholding

7 Mar 2007 16:55

Morgan Sindall PLC07 March 2007 MORGAN SINDALL plc (the "Company") Notification of Transactions by Directors and Persons Discharging Managerial Responsibility Awards under the Morgan Sindall Executive Remuneration PlanOn 6 March 2007, directors and persons discharging managerial responsibility("PDMRs") of the Company were granted options and/or conditional share awardsover ordinary shares of 5p each in the capital of the Company ("shares") underthe Morgan Sindall Executive Remuneration Plan 2005 ("the Plan"). Under the Planthe directors and PDMRs were allowed to choose between receiving eitherconditional share awards or options or a mixture of 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/ Number of shares over Number of conditional sharesPDMRS which options awarded awarded John Morgan * 94,444 0 Paul Smith * 55,556 13,889 David Mulligan * 27,160 6,790 Paul Whitmore* 0 14,198 Stewart Davenport 27,160 6,790 Graham Shennan 28,396 7,099 Nigel Bennett 13,333 5,000 Mark Cutler 25,308 6,327 * Director of Morgan Sindall plc The exercise price for the above options is £12.15 per share. Subject to thesatisfaction of an earnings per share performance condition, options arenormally exercisable for a period of 7 years from 6 March 2010. No considerationwas paid for the grant of the options. Conditional share awards do not have an exercise price and will normally vest on6 March 2010 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. Following the granting of the above options and conditional share awards underthe Plan these directors and PDMRs maintain the following beneficial interestsin the issued share capital of the Company, the following number of shares underoption and the following conditional share awards: Director/ Beneficial % of the issued Total number of Total number ofPDMRS interest in the share capital of shares over which conditional shares of the the Company options are held share awards Company heldJohn Morgan* 4,085,170 9.61 291,242 53,875 Paul 2,876 Less than 0.01 281,823 62,896Smith * DavidMulligan* 1,250 Less than 0.01 95,088 20,361 PaulWhitmore* 6,006 0.01 6,876 95,273 StewartDavenport 8,434 0.02 88,436 60,450 Graham Nil Nil 149,672 52,752Shennan Nigel 400 Less than 0.01 25,247 9,468Bennett Mark Nil Nil 43,180 10,795Cutler * Director of Morgan Sindall plcIn 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 7 March 2007 This information is provided by RNS The company news service from the London Stock Exchange