Director/PDMR Shareholding
November 10 2009 - 10:20AM
UK Regulatory
TIDMTHT
RNS Number : 2947C
Thorntons PLC
10 November 2009
THORNTONS PLC
Notification of Director/PDMR Shareholding
Thorntons plc (the "Company") announces that Mark Robson, the incoming Finance
Director of the Company, has been granted market value options over ordinary
shares in the capital of the Company under the Company's Long Term Incentive
Plan 2007 as follows:
Grant Date: 9 November 2009
Period in which the option can be exercised: 9 November 2012 - 9 November 2019
Amount paid for grant of option: nil
Description of shares involved: Option over a maximum of 243,070 Ordinary shares
of 10p
Exercise price: 117.25p per share
Total number of options following notification: 243,070
On the same date, Mark Robson was also granted a restricted share award over
76,759 ordinary shares in the capital of the Company ("Shares").
The grant of the restricted share award is a one-off award to facilitate the
recruitment of Mark Robson, in lieu of entitlements foregone, made pursuant to
Listing Rule 9.4.2(2) and will be satisfied by the transfer of existing shares.
Mark Robson is permitted to sell a proportion of the Shares within 7 days of the
award date solely in order to meet the tax and social security liability arising
at the award date. The balance of the Shares will vest on the third anniversary
of the grant date and is subject to continued employment at that time.
Contact: Mark R. Henson - Company Secretary Tel: 01773 542384
This information is provided by RNS
The company news service from the London Stock Exchange
END
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