Director/PDMR Shareholding
DS Smith Plc (the "Company")
In pursuance of the Company's obligations under Disclosure Rule 3.1.4R (i)(a), the Company hereby notifies that the following PDMR share transactions occurred on 30 July 2014.
1) Miles Roberts, Adrian Marsh and Richard Stuckes notified the Company on 30 July 2014 that, as a result of being granted an award under the DS Smith Deferred Share Bonus Plan (the "Bonus Plan"), they have acquired a conditional right to receive the number of Shares set out below.
The award under the Bonus Plan referred to above will normally vest on the third anniversary of the date of grant, being 30 July 2017.
The awards were granted by reference to the closing middle market quotation of a Share on 29 July 2014 of 267.5 pence, and operate subject to the conditions set out in the rules of the Bonus Plan.
A matching element of 1.5x the Bonus Plan for the Executive Directors was awarded under the Share Matching Plan. The award operates subject to the conditions set out in the rules of the Share Matching Plan. They will normally vest, subject to the satisfaction of performance conditions, on the third anniversary of the date of grant, being 30 July 2017. If a Bonus Plan award lapses before the vesting of the related matching award then that matching award will lapse at the same time.
|
Name |
Status |
No. of Deferred Shares subject to award |
Maximum number of Matching Shares subject to award |
|
Miles Roberts |
Director |
158,733 |
238,099 |
|
Adrian Marsh |
Director |
47,383 |
71,074 |
|
Richard Stuckes |
PDMR |
56,373 |
56,373 |
No consideration was paid for the grant of the award. No price is payable on the vesting of the award.
2) Miles Roberts, Adrian Marsh and Richard Stuckes notified the Company on 30 July 2014 that, as a result of being granted an award under the DS Smith Performance Share Plan (the "Performance Share Plan"), they have each acquired a conditional right to receive the number of Shares listed below.
The awards were granted by reference to the closing middle market quotation of a Share on 29 July 2014 of 267.5 pence, and operate subject to the conditions set out in the rules of the Performance Share Plan. They will normally vest, subject to the satisfaction of performance conditions, on the third anniversary of the date of grant, being 30 July 2017.
|
Name |
Status |
Maximum number of Shares |
|
Miles Roberts |
Director |
375,700 |
|
Adrian Marsh |
Director |
186,915 |
|
Richard Stuckes |
PDMR |
149,532 |
No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.
For and on behalf of DS Smith Plc
Company Official Responsible for making this notification:
Matthew Jowett, Company Secretary
Date of this notification: 30 July 2014
This information is provided by RNS