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Regulatory Story
Company Meggitt PLC
TIDM MGGT
Headline Director/PDMR Shareholding
Released 17:56 09-Apr-2019
Number 6819V17

RNS Number : 6819V
Meggitt PLC
09 April 2019
 

Date: 9 April 2019

 

Meggitt PLC

(the "Company")

 

Director/PDMR Shareholdings

 

Awards granted on 7 April 2017 under the Share Incentive and Retention Plan, which was previously known as the Meggitt Deferred Share Bonus Plan, automatically vested on 8 April 2019.

 

Chris Allen (President, Airframe Systems - PDMR)

 

On 8 April 2019, Mr Allen exercised the following awards:

 

Share Incentive and Retention Plan:

 

Grant Date

Shares under award

Total shares sold £5.2446

Total shares transferred

07/04/2017

9,895

4,660

5,235

 

2005 Executive Share Option Scheme:

 

Type of award

Grant Date

Base price

SARs under award

SARs exercise price*

 

Shares to satisfy the award

Total shares sold £5.2446

Total shares retained

SAR

02/03/2011

£3.5170

34,791

£5.2680

11,563

5,446

6,117

*The price used to determine the number of shares to satisfy the award

 

Meggitt 2014 Long Term Incentive Plan:

 

Grant Date

Shares under award

Total shares sold £5.2446

Total shares transferred

22/05/2014

14,652

6,901

7,751

01/04/2015

14,725

6,935

7,790

 

Mr Allen sold enough shares to cover tax and costs and transferred 6,117 to his brokerage account with Hargreaves Lansdown and 20,776 to his spouse's, Mrs J Allen, brokerage account with Hargreaves Lansdown. As a result of these transactions, Mr Allen's shareholding increased to 269,172 ordinary shares (0.03% of issued share capital).

 

 

Dennis Hutton (President, Engine Systems - PDMR)

 

On 8 April 2019, Mr Hutton's award under the rules of the Share Incentive and Retention Plan vested. Mr Hutton sold enough shares to cover tax and costs and transferred the remainder to his vested share account in the Meggitt Employees' Share Ownership Plan Trust:

 

Grant Date

Shares under award

Total shares sold £5.2446

Total shares transferred

07/04/2017

10,874

3,768

7,106

 

As a result of these transactions, Mr Hutton's shareholding increased to 76,085 ordinary shares (0.01% of issued share capital).

 

 

Paul Devaux (President, Energy & Equipment - PDMR)

 

On 8 April 2019, Mr Devaux's award under the rules of the Share Incentive and Retention Plan vested. Mr Devaux sold enough shares to cover tax and costs and transferred the remainder to his vested share account in the Meggitt Employees' Share Ownership Plan Trust:

 

Grant Date

Shares under award

Total shares sold £5.2446

Total shares transferred

07/04/2017

3,833

1,786

2,047

 

As a result of these transactions, Mr Devaux's shareholding increased to 19,240 ordinary shares (0.002% of issued share capital).

 

 

Stewart Watson (President, Services & Support - PDMR)

 

On 8 April 2019, Mr Watson's award under the rules of the Share Incentive and Retention Plan vested. Mr Watson sold enough shares to cover tax and costs and half of the remaining shares, and transferred the other half of the remaining shares to his vested share account in the Meggitt Employees' Share Ownership Plan Trust:

 

Grant Date

Shares under award

Total shares sold £5.2446

Total shares transferred

07/04/2017

6,050

4,450

1,600

 

As a result of these transactions, Mr Watson's shareholding increased to 41,041 ordinary shares (0.01% of issued share capital).

 

 

Philip Green (Executive Director, Commercial & Corporate Affairs - Director/PDMR)

 

On 8 April 2019, Mr Green exercised the following awards:

 

Share Incentive and Retention Plan:

 

Grant Date

Shares under award

07/04/2017

19,989

 

2005 Executive Share Option Scheme (this award was due to expire on 30 April 2019):

 

Type of award

Grant Date

Base price

SARs under award

SARs exercise price*

 

Shares to satisfy the award

SAR

30/04/2009

£1.6950

214,306

£5.2680

145,352

*The price used to determine the number of shares to satisfy the award

 

2005 Executive Share Option Scheme (this award was due to expire on 30 April 2019):

 

Type of award

Grant Date

Option price

Shares under option

Tax approved share Option

30/04/2009

£1.6950

12,832

 

Meggitt 2014 Long Term Incentive Plan (this award was due to expire on 22 May 2019):

 

Grant Date

Shares under award

22/05/2014

28,003

 

Mr Green sold all shares under award. As a result of this transaction, Mr Green's shareholding remains unchanged at 633,569 ordinary shares (0.08% of issued share capital).

 

 

Marina Thomas (Group Company Secretary - PDMR)

 

On 8 April 2019, Ms Thomas exercised the following awards:

 

Share Incentive and Retention Plan:

 

Grant Date

Shares under award

07/04/2017

3,899

 

Meggitt 2014 Long Term Incentive Plan:

 

Grant Date

Shares under award

22/05/2014

1,942

01/04/2015

4,056

05/04/2016

17,165

 

Out of a total 27,062 vested shares, Ms Thomas sold 19,911 of the vested shares at £5.2446, within which tax and costs were covered. 3,813 additional vested shares were sold at £5.2446 to raise funds to purchase 3,792 shares at £5.2400 on 8 April 2019 within an ISA held in the name of Marina Thomas. The remaining 3,338 shares were transferred to her vested share account in the Meggitt Employees' Share Ownership Plan Trust.

 

As a result of these transactions, Ms Thomas' shareholding increased to 17,561 ordinary shares (0.002% of issued share capital).

 

 

Enquiries:

Meggitt PLC                                                              +44(0)1202 597597

Marina Thomas, Group Company Secretary (marina.thomas@meggitt.com)

Simon Grant, Assistant Company Secretary (simon.r.grant@meggitt.com)


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