Director/PDMR Shareholding (8757J)
06 7월 2011 - 7:33PM
UK Regulatory
TIDMCRE
RNS Number : 8757J
Creston PLC
06 July 2011
Creston PLC
6(th) July 2011
Creston plc
Issue of shares under Long Term Incentive Plan
Creston plc ("Creston" or "the Company") announces that
following the vesting of the 2008 - 2011 Long Term Incentive Plan
("LTIP") on 21 June 2011, awards were made to Executive Directors
under the Creston plc Long Term Incentive Plan ("LTIP") in respect
of 512,697 ordinary shares of 10 pence each in the Company
("Ordinary Shares").
As part of this award, on 4 July 2011 Don Elgie was awarded
346,070 Ordinary Shares, of which 168,436 were withheld to settle
associated tax liabilities. Following this award Don Elgie is
beneficially interested in 2,116,113 Ordinary Shares, representing
3.45% of the Company's issued share capital.
In addition, Barrie Brien's LTIP award of 166,627 ordinary
shares in the Company vested and the Remuneration Committee
determined to settle this in cash at a price of 114.75 pence per
Ordinary Share. Barrie Brien continues to be beneficially
interested in 289,889 Ordinary Shares, representing 0.47% of the
Company's issued share capital.
As a result of this award, at the close of business on 5 July
2011, The Company's issued share capital comprised of 61,284,955
Ordinary Shares (excluding the 52,383 Ordinary Shares Creston holds
in Treasury). The above figure may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FSA's Disclosure and
Transparency Rules.
Contacts:
Creston plc Tel: 020 7930 9757
Don Elgie, Chief Executive
Barrie Brien, COO / CFO
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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