HELICAL PLC — Major Shareholding Notification 2015

Sep 16, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2593Z

Helical Bar PLC

16 September 2015

Helical Bar plc ("Helical Bar" "the Company")

Notification of Interests of Directors

and Connected Persons

The Company was informed on 15 September 2015 that the following transactions had taken place:

1.            Performance Share Plan 2004

On 15 September 2015 shares awarded under the terms of the Helical Bar plc Performance share Plan 2004 were made available to directors and employees of the Company.  These shares were originally allocated on 31 May 2012 and, having met their performance criteria such that 100.00% qualified for vesting, are available to be transferred to award holders.

Shares originally awarded to directors and the net shares retained after payment of associated tax liabilities are as follows:

	Shares Awarded	Shares Retained
Nigel McNair Scott	420,895	231,492
Michael Slade	895,522	492,537
Tim Murphy	376,119	199,343
Gerald Kaye	671,641	355,969
Matthew Bonning-Snook	537,313	284,775
Duncan Walker	447,761	237,313

The shares retained by award holders were provided by the Helical Bar plc Employee Share Ownership Plan Trust.

2.            Helical Bar Employee Share Ownership Plan Trust ("ESOP")

On 15 September 2015, the Company's ESOP holding of ordinary 1p shares reduced from 3,624,969 (3.07%) to 1,650,776 (1.40%) following vesting of shares awarded under the terms of the Performance Share Plan 2004 and the transfer of shares to directors and employees.

3.             Share Incentive Plan

On 15 September 2015, under the rules of the Helical Bar plc Share Incentive Plan                          (the "Plan"), Helical Bar Trustees Limited, using contributions to the Plan by                                               directors and employees matched in a 2:1 ratio b the Company, awarded    9,462                                            ordinary shares to directors and employees at the closing mid-market price on 14                    September 2015 of 421.0p.

Shares awarded to the directors were as follows:                           

Director	Number of Shares
Michael Slade	318
Timothy Murphy	318
Gerald Kaye	318
Matthew Bonning-Snook	318
Duncan Walker	318

4.            Directors' Interests in Shares

Following these transactions the directors' interests in shares are as follows:

	Shares Legally Held		Deferred Shares	Share Incentive Plan	Outstanding PSP Awards
Nigel McNair Scott	2,752,433	(2.33%)	-	-	-
Michael Slade	12,649,357	(10.70%)	-	41,885	1,430,793
Tim Murphy	351,600	(0.30%)	6,731	21,536	743,104
Gerald Kaye	1,047,722	(0.89%)	305,658	41,843	1,105,296
Matthew Bonning-Snook	402,809	(0.34%)	291,507	41,422	962,409
Duncan Walker	304,458	(0.26%)	187,605	24,235	801,733

Contact: T J Murphy (020 7629 0113)

Date of notification: 16 September 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSUNOURVAAKAAR