Director/PDMR Shareholding
Updated : 15:45
Meggitt PLC
Director/PDMR Shareholding
Philip Green (Executive Director, Commercial & Corporate Affairs - Director/PDMR)
On 14 March 2018, Mr Green exercised a stock-settled share appreciation rights award (SAR) that was due to expire on 25 March 2018 under the rules of the Meggitt Executive Share Option Scheme 2005. Due to an administrative error, the exercise is being announced today. Mr Green sold enough shares to cover tax and costs and retained the remaining shares:
Type of award | Grant Date | Award price | SARs under award | SARs exercise price *
| Shares to satisfy the award | Total shares sold £4.5224 | Total shares retained |
SAR | 25/03/2008 | £2.5250 | 217,822 | £4.5230 | 96,221 | 45,315 | 50,906 |
*The price used to determine the number of shares to satisfy the award.
As a result of this transaction, the shareholding of Mr Green increased to 626,671 ordinary shares (0.08% of issued share capital).
Date: 9 April 2018
Enquiries:
Meggitt PLC +44(0)1202 597597
Marina Thomas, Group Company Secretary (marina.thomas@meggitt.com)
Simon Grant, Company Secretarial Assistant (simon.r.grant@meggitt.com)
This information is provided by RNS