Director/PDMR Share Options
28 Agosto 2009 - 10:14AM
UK Regulatory
TIDMJRVS
RNS Number : 2163Y
Jarvis PLC
28 August 2009
Grant of executive share options
Jarvis plc (the "Company") reports that the Remuneration Committee of the Board
met on 25/08/09 and 26/08/09 and, conditional upon scheme headroom, agreed to
the grant of executive options over the shares of the Company to the executive
directors, executive management and a number of senior employees of the Company
utilising the '2003 Share Option Plan.'
All options were granted at a price of 13.5 pence per share being not less than
the average of the middle-market quotation of the Company's shares on the three
previous dealing days prior to the date of grant. The options cannot normally be
exercised until 3 years after the date of grant or later than 10 years after the
date of grant.
Information in respect of the awards to directors and PDMRs is set out in the
following DTR 3.1.4 R notification.
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters
+------+-------------------------------+------+---------------------------------------+
| 1. | Name of the issuer | 2. | State whether the notification |
| | JARVIS plc | | relates to (i) a transaction notified |
| | | | in accordance with DTR 3.1.2 R, (ii) |
| | | | a disclosure made in accordance with |
| | | | LR 9.8.6R(1) or (iii) a disclosure |
| | | | made in accordance with section 793 |
| | | | of the Companies Act (2006). |
| | | | DTR 3.1.2 R |
| | | | |
+------+-------------------------------+------+---------------------------------------+
| 3. | Name of person discharging | 4. | State whether notification relates to |
| | managerial | | a person connected with a person |
| | responsibilities/director | | discharging managerial |
| | STEVEN NORRIS | | responsibilities/director named in 3 |
| | STUART LAIRD | | and identify the connected person |
| | JOHN O'KANE | | |
| | JOHN SNOWDON | | |
| | KJELL KARLSEN | | |
| | BERNARD WESTBROOK | | |
| | MARK AKINLADE | | |
| | RICHARD THORNTON | | |
| | | | |
+------+-------------------------------+------+---------------------------------------+
| 5. | Indicate whether the | 6. | Description of shares (including |
| | notification is in respect of | | class), debentures or derivatives or |
| | a holding of the person | | financial instruments relating to |
| | referred to in 3 or 4 above | | shares |
| | or in respect of a | | |
| | non-beneficial interest | | |
+------+-------------------------------+------+---------------------------------------+
| 7. | Name of registered | 8. | State the nature of the transaction |
| | shareholders(s) and, if more | | |
| | than one, the number of | | |
| | shares held by each of them | | |
+------+-------------------------------+------+---------------------------------------+
| 9. | Number of shares, debentures | 10. | Percentage of issued class acquired |
| | or financial instruments | | (treasury shares of that class should |
| | relating to shares acquired | | not be taken into account when |
| | | | calculating percentage) |
+------+-------------------------------+------+---------------------------------------+
| 11. | Number of shares, debentures | 12. | Percentage of issued class disposed |
| | or financial instruments | | (treasury shares of that class should |
| | relating to shares disposed | | not be taken into account when |
| | | | calculating percentage) |
+------+-------------------------------+------+---------------------------------------+
| 13. | Price per share or value of | 14. | Date and place of transaction |
| | transaction | | |
+------+-------------------------------+------+---------------------------------------+
| 15. | Total holding following | 16. | Date issuer informed of transaction |
| | notification and total | | |
| | percentage holding following | | |
| | notification (any treasury | | |
| | shares should not be taken | | |
| | into account when calculating | | |
| | percentage) | | |
+------+-------------------------------+------+---------------------------------------+
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
+------+-------------------------------+------+---------------------------------------+
| 17. | Date of grant | 18. | Period during which or date on which |
| | 26/08/09 | | exercisable |
| | | | NORMALLY BETWEEN 3 - 10 YEARS AFTER |
| | | | DATE OF GRANT |
+------+-------------------------------+------+---------------------------------------+
| 19. | Total amount paid (if any) | 20. | Description of shares or debentures |
| | for grant of the option | | involved (class and number) |
| | NIL | | OPTIONS OVER ORDINARY SHARES OF 5 |
| | | | PENCE EACH |
| | | | STEVEN NORRIS - 950,000 OPTIONS |
| | | | STUART LAIRD - 2,500,000 OPTIONS |
| | | | JOHN O'KANE - 1,500,000 OPTIONS |
| | | | JOHN SNOWDON - 550,000 OPTIONS |
| | | | KJELL KARLSEN - 450,000 OPTIONS |
| | | | BERNARD WESTBROOK - 450,000 OPTIONS |
| | | | MARK AKINLADE - 450,000 OPTIONS |
| | | | RICHARD THORNTON - 400,000 OPTIONS |
| | | | |
+------+-------------------------------+------+---------------------------------------+
| 21. | Exercise price (if fixed at | 22. | Total number of shares or debentures |
| | time of grant) or indication | | over which options held following |
| | that price is to be fixed at | | notification |
| | the time of exercise | | STEVEN NORRIS - 950,000 OPTIONS |
| | SUBJECT IN EACH CASE TO ANY | | STUART LAIRD - 2,500,000 OPTIONS |
| | NECESSARY ADJUSTMENTS FOR | | JOHN O'KANE - 1,800,000 OPTIONS |
| | FRACTIONS OF WHOLE NUMBERS, | | JOHN SNOWDON - 550,000 OPTIONS |
| | ONE THIRD OF THE OPTIONS | | KJELL KARLSEN - 450,000 OPTIONS |
| | GRANTED TO EACH PERSON WILL | | BERNARD WESTBROOK - 450,000 OPTIONS |
| | VEST FOLLOWING A SHARE PRICE | | MARK AKINLADE - 519,000 OPTIONS |
| | IMPROVEMENT OF 30% OVER THE | | RICHARD THORNTON - 475,000 OPTIONS |
| | GRANT PRICE OF 13.5 PENCE, A | | |
| | FURTHER ONE THIRD WILL VEST | | |
| | FOLLOWING A SHARE PRICE | | |
| | IMPROVEMENT OF 60% OVER THE | | |
| | GRANT PRICE AND THE FINAL ONE | | |
| | THIRD WILL VEST FOLLOWING A | | |
| | SHARE PRICE IMPROVEMENT OF | | |
| | 90% OVER THE GRANT PRICE. THE | | |
| | 30%, 60% AND 90% PRICE | | |
| | IMPROVEMENT THRESHOLDS ARE | | |
| | 17.55 PENCE, 21.60 PENCE AND | | |
| | 25.65 PENCE RESPECTIVELY. | | |
| | THE OPTIONS CANNOT NORMALLY | | |
| | BE EXERCISED UNTIL 3 YEARS | | |
| | AFTER DATE OF GRANT. | | |
+------+-------------------------------+------+---------------------------------------+
+------+-------------------------------+------+---------------------------------------+
| 23. | Any additional information | 24. | Name of contact and telephone number |
| | NONE | | for queries |
| | | | MARK AKINLADE - 01904 712 712 |
| | | | |
+------+-------------------------------+------+---------------------------------------+
Name of authorised official of issuer responsible for making notification: MARK
AKINLADE
Date of notification: 28/08/09
Notes: This form is intended for use by an issuer to make a RIS notification
required by DTR 3.1.4.
(1) An issuer making a notification in respect of a transaction relating to
the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete boxes 1
to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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