Director/PDMR Shareholding

 

TIDMVTG 
 
RNS Number : 9248O 
VT GROUP PLC 
06 July 2010 
 

 
                          VT Group plc (the "Company") 
 
Directors and Persons Discharging Managerial Responsibility (PDMRs) 
Shareholdings. 
 
This information is provided pursuant to DTR3.1.4R(1)(a) 
 
The Company was notified on 5 July 2010 that the following Directors and PDMRs 
entered into transactions in the Company's Ordinary Shares of 5p each 
("Shares"): 
 
1. Mr. Paul Lester (Director) 
 
On 5 July 2010 Paul Lester, Chief Executive, became entitled to 39,567 Shares 
pursuant to the rules of the VT Group plc Deferred Annual Bonus Plan having a 
value as at the entitlement date of GBP7.95 per share.  19,387 of these Shares 
were transferred to Mr Lester on 5 July 2010.  The balance of 20,180 Shares has 
been withheld to meet income tax and N.I. liability. 
 
Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr 
Lester became entitled to 204,735 Shares having a value as at the entitlement 
date of GBP7.95 per share.  120,793 of these Shares were transferred to Mr 
Lester on 5 July 2010.  The balance of 83,942 Shares has been withheld to meet 
income tax and N.I. liability. 
 
In addition, the following options were exercised under the terms of the 
Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft 
Approved Share Option Plan 1999: 
 
(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive 
Share Option Plan 1996 at GBP2.46 over 214,227 Shares and 178,462 Shares at 
GBP4.55. 
 
Shares sold: 262,081 Shares at a price of GBP7.92 pence per share. 
 
(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option 
Plan 1999 at GBP2.46 over 12,195 Shares. 
 
Shares sold: 3,788 Shares at a price of GBP7.92 pence per share. 
 
As a result of these transactions Mr Lester is deemed to be interested in 
561,059 Shares, representing 0.306% of the Company's issued share capital as of 
the date of this notification. 
 
2. Mr. Christopher Cundy (Director) 
 
On 5 July 2010 Christopher Cundy, Executive Director, became entitled to 38,198 
shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a 
value as at the entitlement date of GBP7.95 per Share. 18,717 of these Shares 
were transferred to Mr Cundy on 5 July 2010.  The balance of 19,481 Shares has 
been withheld to meet income tax and NI liability. 
 
Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr Cundy 
became entitled to 104,714 Shares having a value as at the entitlement date of 
GBP7.95 per share.  61,781 of these Shares were transferred to Mr Cundy on 5 
July 2010.  The balance of 42,933 Shares has been withheld to meet income tax 
and N.I. liability. 
 
In addition, the following options were exercised under the terms of the 
Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft 
Approved Share Option Plan 1999: 
 
(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive 
Share Option Plan 1996 at GBP3.24 over 19,383 Shares. 
 
Shares sold: 12,708 Shares at a price of GBP7.92 pence per share. 
 
(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option 
Plan 1999 at GBP3.24 over 9,259 Shares. 
 
Shares sold: 3,788 Shares at a price of GBP7.92 pence per share. 
 
As a result of these transactions Mr Cundy is deemed to be interested in 
340,815 Shares, representing 0.186% of the Company's issued share capital as of 
the date of this notification. 
 
3. Mr. John Davies (PDMR) 
 
On 5 July 2010 John Davies, PDMR, became entitled to 17,362 shares pursuant to 
the rules of the VT Group Deferred Annual Bonus Plan having a value as at the 
entitlement date of GBP7.95 per Share. 8,507 of these Shares were transferred to 
Mr Davies on 5 July 2010.  The balance of 8,855 Shares has been withheld to meet 
income tax and NI liability. 
 
Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr 
Davies became entitled to 82,468 Shares having a value as at the entitlement 
date of GBP7.95 per share.  48,656 of these Shares were transferred to Mr Davies 
on 5 July 2010.  The balance of 33,812 Shares has been withheld to meet income 
tax and N.I. liability. 
 
In addition, the following options were exercised under the terms of the 
Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft 
Approved Share Option Plan 1999: 
 
(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive 
Share Option Plan 1996 at GBP3.24 over 5,659 Shares and 9,690 Shares at GBP4.55. 
 
Shares sold: 11,000 Shares at a price of GBP7.92 pence per share. 
 
(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option 
Plan 1999 at GBP3.24 over 2 Shares. 
 
As a result of these transactions Mr Davies is deemed to be interested in 85,421 
Shares, representing less than 0.1% of the Company's issued share capital as of 
the date of this notification. 
 
4. Mr Philip Harrison (Director) 
 
On 5 July 2010 Philip Harrison, Executive Director, became entitled to 17,758 
shares pursuant to the rules of the VT Group Deferred Annual Bonus Plan having a 
value as at the entitlement date of GBP7.95 per Share. 8,701 of these Shares 
were transferred to Mr Harrison on 5 July 2010.  The balance of 9,057 Shares has 
been withheld to meet income tax and NI liability. 
 
Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr 
Harrison became entitled to 120,432 Shares having a value as at the entitlement 
date of GBP7.95 per share.  71,054 of these Shares were transferred to Mr 
Harrison on 5 July 2010.  The balance of 49,378 Shares has been withheld to meet 
income tax and N.I. liability. 
 
As a result of these transactions Mr Harrison is deemed to be interested in 
84,328 Shares, representing less than 0.1% of the Company's issued share capital 
as of the date of this notification. 
 
5. Mr. Matthew Jowett (PDMR) 
 
On 5 July 2010 Matthew Jowett, PDMR, became entitled to 13,872 shares pursuant 
to the rules of the VT Group Deferred Annual Bonus Plan having a value as at the 
entitlement date of GBP7.95 per Share. 6,797 of these Shares were transferred to 
Mr Jowett on 5 July 2010.  The balance of 7,075 Shares has been withheld to meet 
income tax and NI liability. 
 
Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr 
Jowett became entitled to 71,237 Shares having a value as at the entitlement 
date of GBP7.95 per share.  42,029 of these Shares were transferred to Mr Jowett 
on 5 July 2010.  The balance of 29,208 Shares has been withheld to meet income 
tax and N.I. liability. 
 
In addition, the following options were exercised under the terms of the 
Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft 
Approved Share Option Plan 1999: 
 
(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive 
Share Option Plan 1996 at GBP3.24 over 11,832 Shares. 
 
Shares sold: 7,752 Shares at a price of GBP7.92 pence per share. 
 
(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option 
Plan 1999 at GBP3.24 over 3,087 Shares. 
 
Shares sold: 1,263 Shares at a price of GBP7.92 pence per share. 
 
As a result of these transactions Mr Jowett is deemed to be interested in 
102,157 Shares, representing less than 0.1% of the Company's issued share 
capital as of the date of this notification. 
 
6. Mr. Simon Withey (PDMR) 
 
On 5 July 2010 Simon Withey, PDMR, became entitled to 15,935 shares pursuant to 
the rules of the VT Group Deferred Annual Bonus Plan having a value as at the 
entitlement date of GBP7.95 per Share. 7,808 of these Shares were transferred to 
Mr Withey on 5 July 2010.  The balance of 8,127 Shares has been withheld to meet 
income tax and NI liability. 
 
Also, pursuant to the rules of the VT Group 2007 Performance Share Plan Mr 
Withey became entitled to 74,845 Shares having a value as at the entitlement 
date of GBP7.95 per share.  44,158 of these Shares were transferred to Mr Withey 
on 5 July 2010.  The balance of 30,687 Shares has been withheld to meet income 
tax and N.I. liability. 
 
In addition, the following options were exercised under the terms of the 
Unapproved Vosper Thornycroft Executive Share Plan 1996 and Vosper Thornycroft 
Approved Share Option Plan 1999: 
 
(i)   Exercise of options under the Unapproved Vosper Thornycroft Executive 
Share Option Plan 1996 at GBP3.24 over 12,501 Shares. 
 
Shares sold: 8,188 Shares at a price of GBP7.92 pence per share. 
 
(ii)  Exercise of options under the Vosper Thornycroft Approved Share Option 
Plan 1999 at GBP3.24 over 2,057 Shares. 
 
Shares sold: 842 Shares at a price of GBP7.92 pence per share. 
 
As a result of these transactions Mr Withey is deemed to be interested in 
128,845 Shares, representing less than 0.1% of the Company's issued share 
capital as of the date of this notification. 
 
 
7. Mr David Dacquino (PDMR) 
 
On 5 July 2010 David Dacquino, PDMR, pursuant to the rules of the VT Group 2007 
Performance Share Plan, became entitled to 57,276 Shares having a value as at 
the entitlement date of GBP7.95 per share.  All of these Shares were transferred 
to Mr Dacquino on 5 July 2010. 
 
As a result of these transactions Mr Dacquino is deemed to be interested in 
57,276 Shares, representing less than 0.1% of the Company's issued share capital 
as of the date of this notification. 
 
 
 
 
 
 
END 
 
VT Group plc 
VT House 
Grange Drive, Hedge End 
Southampton SO30 2DQ 
 
For further information contact 
Matthew Jowett, Company Secretary 01489 775 200 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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