Morgan Sindall Group PLC

Remuneration Information • Mar 20, 2013

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RNS Number : 5039A

Morgan Sindall Group PLC

20 March 2013

Morgan Sindall Group plc

('the Company')

Notification of Transactions by Directors

Executive Remuneration Plan 2005 (the 'Plan')

On 17 March 2010 the Company granted awards under the Plan to its executive directors in respect of ordinary shares of 5p each in the Company ('shares').  These awards took the form of performance shares or, at the election of each individual, options to subscribe for shares and were subject to an absolute earnings per share performance target for the year ended 31 December 2012.  Following completion of the performance period, the Company announces that 48.8% of the performance share awards have vested and that 46.3% of the share options have become exercisable.  The remainder of the awards which have not vested or become exercisable has now lapsed.

Performance share awards

The Company therefore announces the number of shares which were transferred to Paul Whitmore on 18 March 2013.  These shares include additional shares representing the dividend equivalent to which he is entitled under the Plan.  These shares were satisfied from market purchased shares held in the Morgan Sindall Employee Benefit Trust.

In addition, he has disposed of a proportion of the shares vesting in order to fund the tax and national insurance contribution payable in respect of them.

Name of Director	Number of performance shares awarded 17 March 2010	48.8% of performance share awards vesting	Number of dividend equivalent shares	Total number of shares vested	Number of shares disposed	Number of performance share awards lapsed	Total number of shares transferred
Paul Whitmore	36,486	17,805	3,052	20,857	10,846	18,681	10,011

The market value of a share on 18 March 2013 was 550.5p and the shares disposed were sold to the Morgan Sindall Employee Benefit Trust at that price.

Share Options

The Company also announces the number of share options which became exercisable by John Morgan from 18 March 2013.

Name of Director	Number of options granted 17 March 2010	46.3% of share options becoming exercisable	Exercise price	Number of share options lapsed
John Morgan	229,728	106,364	£5.55	123,364

Following these transactions, the interests (all of which are beneficial) of the above directors in the share capital of the Company are as follows:

Name of Director	Beneficial interest in shares	% issued share capital of the Company	Total number of shares over which options are held	Total number of conditional share awards held
John Morgan	4,497,508	10.40	496,930	149,410
Paul Whitmore	72,851	0.17	1,814	141,817

This notification relates to transactions notified in accordance with both Disclosure Rule 3.1.4R (1) (a) and Disclosure Rule 3.1.4R (1) (c).   

Enquiries:

Mary Nettleship                                                                                                   Tel: 020 7307 9200

Company Secretary

20 March 2013

This information is provided by RNS

The company news service from the London Stock Exchange

END

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