Directors Interests in Shares

10 Mar 2005 17:04

Morgan Sindall PLC10 March 2005 Morgan Sindall plc("the Company") Directors' Interests in Shares Long Term Incentive Plan ("LTIP") The Company today announces the number of ordinary shares (as set out below) of5p each in the capital of the Company ("shares") that have been allocated todirectors of the Company or which have lapsed according to the terms of theMorgan Sindall LTIP. This relates only to shares conditionally awarded on 19February 2002. Directors will be entitled to receive dividends and to vote in respect of sharesallocated to them but will not be entitled to transfer or otherwise deal in theshares until the expiry of two years from the date of allocation. The number of shares which were conditionally awarded to directors on 30 June2003 and consequently remain subject to performance criteria is also set outbelow. Shares Shares Shares remaining conditionally Name of Director allocated lapsed awarded on 30 June 2003 John Morgan 13,025 5,218 40,850Paul Whitmore 11,355 4,549 35,896John Bishop 11,689 4,683 36,401 Options granted under Annual Bonus Scheme The Company also announces the following grant of options to directors of theCompany in respect of the financial year ended 31 December 2004 pursuant to theterms of the Morgan Sindall Senior Executives Annual Bonus Scheme ("EABScheme"). Under the terms of the EAB Scheme, a quarter of the performancerelated annual bonus to which the directors become entitled is satisfied by thegrant of options over shares in the Company. These options, which are notsubject to performance criteria, are exercisable three years from the date ofgrant. Name of director Number of shares over which option granted and resultant holding under EAB scheme John Morgan 8,046Paul Smith 10,241David Mulligan 4,114Paul Whitmore 6,876John Bishop 6,876 10 March 2005 Enquiries: Mary Nettleship Tel: 020 7307 9218General Counsel and Company Secretary This information is provided by RNS The company news service from the London Stock Exchange