Meggitt PLC Director/PDMR Shareholding (1882I)

TIDMMGGT

RNS Number : 1882I

Meggitt PLC

25 August 2016

Meggitt PLC

Director/PDMR Shareholdings

Philip Green (Executive Director, Commercial and Corporate Affairs - Director/PDMR)

On 25 August 2016, Mr Green exercised a stock-settled share appreciation rights award (SAR) that was due to expire on 26 September 2016 under the rules of the 2005 Executive Share Option Scheme. Mr Green sold enough shares to cover tax and costs and retained the remaining shares:

 
  Type        Grant        Award       SARs      SARs       Shares      Total        Total 
    of         Date         price      under    exercise      to        shares       shares 
  award                                award     price      satisfy      sold       retained 
                                                   *          the      GBP4.6110 
                                                             award 
--------  ------------  -----------  -------  ----------  ---------  -----------  ---------- 
   SAR     27/09/2006    GBP2.6367    23,365   GBP4.6680    10,167      4,789        5,378 
--------  ------------  -----------  -------  ----------  ---------  -----------  ---------- 
 

*The price used to determine the number of shares to satisfy the award

As a result of this transaction, the shareholding of Mr Green has increased to 572,827 ordinary shares (0.07% of issued share capital).

Enquiries:

   Meggitt PLC                                                              [phone] 

Marina Thomas, Group Company Secretary ([e-mail])

Adrian Bunn, Group Head of Investor Relations ([e-mail])

25 August 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHZMGZRVKDGVZM

(END) Dow Jones Newswires

August 25, 2016 12:28 ET (16:28 GMT)