Notification of transactions of directors, persons discharging managerial responsibility or connected persons
Reuters Group PLC
On 2 August, Reuters Group PLC (the “Company”) made a number of grants of Discretionary Share Plan (DSOP) Options and one award under the Long Term Incentive
Plan (LTIP) to persons discharging managerial responsibilities. Below are details of the grants made:
First Name |
Last Name |
LTIP Number of Shares subject to Share Award |
DSOP Number of Opions |
Stephen |
Dando |
64,000 |
85,000 |
Thomas |
Glocer |
|
625,000 |
David |
Grigson |
|
250,000 |
Christopher |
Hagman |
|
71,000 |
Geert |
Linnebank |
|
49,000 |
Roy |
Lowrance |
|
36,000 |
Rosemary |
Martin |
|
41,000 |
Susan |
Taylor-Martin |
|
33,000 |
Simon |
Walker |
|
40,000 |
Devin |
Wenig |
|
325,000 |
The LTIP's performance is assessed by reference to the Company's relative total shareholder return (TSR) measured against the FTSE 100 over the performance period. For awards made in 2006 and subsequently, this criterion will apply to determine the vesting for 50% of the initial award. The remaining proportion of the award will be determined by the Company's achievement of preset Profit Before Tax (PBT) growth achieved over the three year performance period.
In order to vest, DSOPs require a minimum level of 6% a year growth in Earning Per Share (EPS) for half the options to vest; 9% a year will be required for all options to vest. Executive directors will only be permitted to exercise 50% of the vested options after the initial three year period. The remaining options will only be exercisable, in two equal tranches, one and two years later. The DSOPs were granted with an option price of £3.93.
Following the grants detailed above persons discharging managerial responsibilities at the Company hold the following share options and share awards in relation to the Company's ordinary 25p shares:
First Name |
Last Name |
LTIP Number of Shares subject to Share Award |
DSOP Number of Opions |
Stephen |
Dando |
64,000 |
85,000 |
Thomas |
Glocer |
3,602,024 |
8,493,920 |
David |
Grigson |
826,967 |
2,089,261 |
Christopher |
Hagman |
364,408 |
790,080 |
Geert |
Linnebank |
272,322 |
589,764 |
Roy |
Lowrance |
53,000 |
73,188 |
Rosemary |
Martin |
239,751 |
297,999 |
Susan |
Taylor-Martin |
122,060 |
289,999 |
Simon |
Walker |
256,337 |
378,166 |
Devin |
Wenig |
858,514 |
2,158,671 |
No one person's holding exceeds 1% of the issued share capital of the Company.