Morgan Sindall Group PLC

Remuneration Information • May 28, 2014

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RNS Number : 1577I

Morgan Sindall Group PLC

28 May 2014

MORGAN SINDALL GROUP plc

(the "Company")

Notification of Transactions by Directors

The Morgan Sindall Executive Remuneration Plan 2005

Grant of conditional share awards

On 19 May 2014, certain directors of the Company were granted conditional share awards over ordinary shares of 5p each in the capital of the Company ("shares") under The Morgan Sindall 2014 Long Term Incentive Plan ("the Plan"). 

Details of the directors and the number of shares under conditional share awards granted to them under the Plan are set out below:

Director	Number of conditional shares awarded
John Morgan	55,687
Steve Crummett	41,956

Conditional share awards do not have an exercise price and will normally vest on 19 May 2017 being the third anniversary of the date of grant, subject to continued employment with the Company and the satisfaction of the performance condition. 50% of the awards will be based on the average annual growth in earnings per share relative to the Retail Prices Index performance condition and 50% will be based on a performance condition measuring the Company's total shareholder return compared with eight of its UK listed peers over a three year period.  No consideration was paid for the grant of the awards.

Following the grant of the conditional share awards under the Plan these directors maintain the following beneficial interests in the issued share capital of the Company:

Director	Beneficial interest in the shares of the Company	% of the issued share capital of the Company	Total number of shares over which options are held	Total number of  conditional share awards held
John Morgan	3,997,508	9.24	296,930	205,097
Steve Crummett	12,000	0.03	Nil	133,707

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).   

Contact:

Clare Sheridan                           Tel: 020 7307 9200

Deputy Company Secretary

28 May 2014

This information is provided by RNS

The company news service from the London Stock Exchange

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