Fisher (James) & Sons plc Notification of Directors' Interest in Shares (4579K)

TIDMFSJ

RNS Number : 4579K

Fisher (James) & Sons plc

10 April 2018

10 April 2018

JAMES FISHER AND SONS PLC

Notification of Directors' Interest in Shares

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

Vesting of Award

At the end of the three year vesting period for the Company's 2015 LTIP, the Company's actual TSR performance as at vesting on 6 April 2018 resulted in 54.8% vesting of the TSR element. This has resulted in 7,469 Ordinary Shares of 25p each in the Company ('Ordinary Shares') vesting for Nick Henry, and 5,009 Ordinary Shares vesting for Stuart Kilpatrick.

The Company was therefore notified on 6 April 2018 that Nick Henry and Stuart Kilpatrick, the Executive Directors of the Company, had increased their respective holdings of Ordinary Shares through the vesting of awards made in June 2015 under the Company's Long-Term Incentive Plan (the 'Plan').

On 6 April 2018, in accordance with the Plan rules, an aggregate of 12,478 Ordinary Shares vested and an aggregate of 5,864 Ordinary Shares were sold at a price of 1534 pence per share to fund the tax liability resulting from the vesting.

Following this transaction, Nick Henry's and Stuart Kilpatrick's respective beneficial interest in the Company's issued ordinary share capital is as follows:

 
                      Number         Number         Number     Beneficial   Percentage 
                 of Ordinary    of Ordinary    of Ordinary       Interest    of Issued 
                      Shares         Shares         Shares    in Ordinary     Ordinary 
                      vested           sold       retained         Shares        Share 
                                                                following      Capital 
                                                                  vesting    following 
                                                                 and sale      vesting 
                                                                              and sale 
 Nick Henry            7,469          3,510          3,959        228,942        0.46% 
 Stuart 
  Kilpatrick           5,009          2,354          2,655         39,158        0.08% 
 

Details of the full notifications received by the Company are set out below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Nicholas Paul Henry 
---  -------------------------------  ------------------------------- 
 2    Reason for Notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  ------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
---  -------------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                             James Fisher and Sons plc 
---  -------------------------------  ------------------------------- 
 b)   LEI                              213800J975E5OYR6S216 
---  -------------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------------- 
 a)   Description of                   Ordinary Shares of 25 pence 
       the financial instrument,        each in James Fisher and Sons 
       type of instrument               plc 
       Identification                   GB0003395000 
       code 
---  -------------------------------  ------------------------------- 
 b)   Nature of the transaction        Vesting of a restricted share 
                                        award made on 5 June 2015 
                                        under the James Fisher and 
                                        Sons plc Long-Term Incentive 
                                        Plan. 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         NIL         3,959 
                                        ----------  ---------- 
---  -------------------------------  ------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      3,959 
 
                                         NIL 
             *    Price 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          6 April 2018 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Stuart Charles Kilpatrick 
---  -------------------------------  ------------------------------- 
 2    Reason for Notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                  Group Finance Director 
---  -------------------------------  ------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
---  -------------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                             James Fisher and Sons plc 
---  -------------------------------  ------------------------------- 
 b)   LEI                              213800J975E5OYR6S216 
---  -------------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------------- 
 a)   Description of                   Ordinary Shares of 25 pence 
       the financial instrument,        each in James Fisher and Sons 
       type of instrument               plc 
       Identification                   GB0003395000 
       code 
---  -------------------------------  ------------------------------- 
 b)   Nature of the transaction        Vesting of a restricted share 
                                        award made on 5 June 2015 
                                        under the James Fisher and 
                                        Sons plc Long-Term Incentive 
                                        Plan. 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         NIL         2,655 
                                        ----------  ---------- 
---  -------------------------------  ------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      2,655 
                                         NIL 
 
             *    Price 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          6 April 2018 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 10, 2018 09:07 ET (13:07 GMT)