Director Shareholding

RNS Number:1660M
Conister Trust PLC
10 June 2003


SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

Conister Trust PLC


2. Name of director

Gareth Alan Jones


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)




5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)




6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary




7. Number of shares / amount of stock acquired




8. Percentage of issued class




9. Number of shares/amount of stock disposed




10. Percentage of issued class




11. Class of security




12. Price per share




13. Date of transaction




14. Date company informed




15. Total holding following this notification




16. Total percentage holding of issued class following this notification




If a director has been granted options by the company please complete the
following boxes.


17. Date of grant

9 June 2003


18. Period during which or date on which exercisable

Up to 8 June 2013 - see conditions (under Any additional information)


19. Total amount paid (if any) for grant of the option

Nil


20. Description of shares or debentures involved: class, number

500,000 Ordinary 25p shares


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

34 pence


22. Total number of shares or debentures over which options held following this
notification

                                                                       500,000


23. Any additional information

Conditions include:
---------------------
(i)               The option will vest if 

          (i)     a share price of 50p is achieved within 5 years ie by 
                  8 June 2008 or 80p within 10 years ie by 8 June 2013; and
                                                            
         (ii)     the Company makes an aggregate #1.5m in consolidated profit on
                  ordinary activities before taxation in a period commencing on 
                  1 January 2003 and ending not later than 31 December 2005 as 
                  recorded in the published interim and full year results, 
                  excluding any annual charge to profit in excess of the normal
                  annualised pension cost as calculated in accordance with 
                  prevailing accounting standards.
                                                             
(ii)              If the 50p share price target were to be achieved in less than
                  3 years from the date of grant, then 50% of the options will 
                  vest immediately, and the remaining 50% will vest 6 months 
                  later or 3 years from the date of grant, whichever is the 
                  earlier. In these circumstances, condition (i) (b) above
                  does not apply.
                                                             
(iii)             No options vesting and then exercised may be sold less than
                  four years from the date of grant.
                                                             
(iv)              The share price will be deemed to have been achieved only if
                  the amount (either 50p or 80p) represents the mean average of
                  the mid-market share price over 30 consecutive calendar days.


24. Name of contact and telephone number for queries

Tracy Reeder, Company Secretary, 01624 694677


25. Name and signature of authorised company official responsible for making
this notification

Tracy Reeder, Company Secretary


Date of Notification

10 June 2003


The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

Conister Trust PLC


2. Name of director

Peter James Scott Hammonds


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)




5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)




6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary




7. Number of shares / amount of stock acquired




8. Percentage of issued class




9. Number of shares/amount of stock disposed




10. Percentage of issued class




11. Class of security




12. Price per share




13. Date of transaction




14. Date company informed




15. Total holding following this notification




16. Total percentage holding of issued class following this notification




If a director has been granted options by the company please complete the
following boxes.


17. Date of grant

9 June 2003


18. Period during which or date on which exercisable

Up to 8 June 2013 - see conditions (under Any additional information)


19. Total amount paid (if any) for grant of the option

Nil


20. Description of shares or debentures involved: class, number

1,250,000 Ordinary 25p shares


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

34 pence


22. Total number of shares or debentures over which options held following this
notification

                                                                     1,250,000


23. Any additional information

Conditions include:
---------------------

(i)               The option will vest if 

          (i)     a share price of 50p is achieved within 5 years ie by 
                  8 June 2008 or 80p within 10 years ie by 8 June 2013; and
                                                            
         (ii)     the Company makes an aggregate #1.5m in consolidated profit on
                  ordinary activities before taxation in a period commencing on 
                  1 January 2003 and ending not later than 31 December 2005 as 
                  recorded in the published interim and full year results, 
                  excluding any annual charge to profit in excess of the normal
                  annualised pension cost as calculated in accordance with 
                  prevailing accounting standards.
                                                             
(ii)              If the 50p share price target were to be achieved in less than
                  3 years from the date of grant, then 50% of the options will 
                  vest immediately, and the remaining 50% will vest 6 months 
                  later or 3 years from the date of grant, whichever is the 
                  earlier. In these circumstances, condition (i) (b) above
                  does not apply.
                                                             
(iii)             No options vesting and then exercised may be sold less than
                  four years from the date of grant.
                                                             
(iv)              The share price will be deemed to have been achieved only if
                  the amount (either 50p or 80p) represents the mean average of
                  the mid-market share price over 30 consecutive calendar days.


24. Name of contact and telephone number for queries

Tracy Reeder, Company Secretary, 01624 694677


25. Name and signature of authorised company official responsible for making
this notification

Tracy Reeder, Company Secretary


Date of Notification

10 June 2003


The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.








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