PayPoint plc (the "Company")
9 June 2009
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
THE COMPANY'S LONG-TERM INCENTIVE PLAN ("LTIP")
The Company announces the release of conditional share awards granted
on 05 June 2006 under the Company's LTIP to its Executive Directors
and PDMRs.
The Company has achieved upper quartile total shareholder return
performance when measured against the designated comparator group
over the three year performance period. Therefore in accordance with
the rules of the LTIP 100% of the shares subject to the awards have
been released and on 8 June 2009 the Executive Directors and PDMR
listed below became the legal and beneficial owners of the following
Ordinary shares of the Company:
Executive Directors Number of Ordinary shares Released % Issued Share
Capital
George Earle 31,007 0.04%
Dominic Taylor 43,720 0.06%
Tim Watkin-Rees 25,891 0.03%
PDMR
Mike Igoe 7,984 0.01%
The release of these Ordinary shares has resulted in a personal tax
liability based on the value on their release.
On 08 June 2009 the Executive Directors and PDMR listed below
disposed of the following Ordinary shares of the Company at a price
of £5.3235 per share for the sole purpose of paying the tax on
release of the awards.
Executive Directors Number of Ordinary shares % Issued Share
Sold Capital
George Earle 12,758 0.02%
Dominic Taylor 17,989 0.03%
Tim Watkin-Rees 10,653 0.02%
PDMR
Mike Igoe 3,286 0.005%
The Executive Directors/PDMR total holdings under the LTIP following
this award are set out below:
Executive Directors Total LTIP following the % of Issued Share
Release Capital
George Earle 127029 0.18%
Dominic Taylor 193223 0.29%
Tim Watkin-Rees 107118 0.16%
PDMR
Mike Igoe 17003 0.03%
DEFERRED SHARE BONUS PLAN ("DSB")
Following the completion of the three year holding period, and the
achievement of the required earnings per share growth, 100% of the
Deferred Bonus Shares granted on 5 June 2006 have been released.
Accordingly, on 8 June 2009 the Executive Directors and PDMR listed
below became the legal and beneficial owners of the following
Ordinary shares of the Company:
Executive Directors Number of Ordinary shares Released % Issued Share
Capital
George Earle 7022 0.01%
Dominic Taylor 8206 0.01%
Tim Watkin-Rees 5877 0.01%
PDMR
Mike Igoe 610 0.001%
The release of these Ordinary shares has resulted in a personal tax
liability based on the value on their release.
On 8 June 2009 the Executive Directors listed below disposed of the
following Ordinary shares of the Company at a price of £5.3235 per
share for the sole purpose of paying the tax on release of the
awards.
Executive Directors Number of Ordinary shares % Issue Share Capital
Sold
George Earle 2,890 0.004%
Dominic Taylor 3,377 0.005%
Tim Watkin-Rees 2,419 0.004%
PDMR
Mike Igoe 610* 0.0009%
The total holdings under the DSB for the Executive Directors' and
PDMR listed below following this award are set out below:
Executive Directors Total Bonus Total Deferred Bonus % of Issued
Shares Shares Share Capital
George Earle 16641 28207 0.04%
Dominic Taylor 20706 35096 0.08%
Tim Watkin-Rees 14004 23736 0.04%
PDMR
Mike Igoe 1052 1782 0.004%
*The full amount of shares released were sold
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
