Business
LTIP award and Directors' Shareholdings
LTIP award and Directors' Shareholdings.
About this update from James Cropper Plc
[{"type":"text","content":"\n \nRNS Number : 9697F Cropper(James) PLC 02 August 2016 \n\n02 August 2016\n \nJAMES CROPPER PLC ('THE COMPANY')\n \nDirectors' Shareholdings\nLong-Term Incentive Plan Award \n \nThe Company announces that on 02 August 2016, under the terms of The James Cropper PLC 2008 Long Term Incentive Plan (the \"Plan\"), an aggregate of 55,375 ordinary shares of 25 pence each (\"Shares\") in the Company were awarded to the following Directors of the Company:\n \n\n\n\n\nDirector\n\n\nNo. of Shares Awarded\n\n\n\n\nPhil Wild\n\n\n32,796\n\n\n\n\nPatrick Willink\n\n\n10,978\n\n\n\n\nMartin Thompson\n\n\n11,601\n\n\n\n\n \nThe share awards were the maximum award available under the Plan.\n \nIn order to satisfy the award of the shares the Company has issued and allotted 10,978 new Shares to Patrick Willink, and James Cropper EBT Ltd has transferred 32,796 Shares to Phil Wild and 11,601 Shares to Martin Thompson.\n \nApplication will be made to the London Stock Exchange for 10,978 new Shares to be admitted to trading on AIM (\"Admission\"), and it is expected that Admission will become effective and trading will commence at 8.00am on 08 August 2016.\n \nFollowing Admission of the new Shares, the Company's enlarged issued share capital will comprise 9,238,423 Shares, with voting rights. \n \nIn order to settle the income tax and national insurance liabilities on the award, Phil Wild, Patrick Willink and Martin Thompson have each sold 50% of the Shares awarded to them to James Cropper EBT Ltd, the trustees of the James Cropper Employee Trust, at a price of £8.90 per Share. Phil Wild has sold 16,398 Shares, Patrick Willink has sold 5,489 Shares, and Martin Thompson has sold 5,801 Shares.\n \nAs a result of the Shares awarded and sold under the LTIP Scheme, the beneficial and non-beneficial interest for Directors' holdings over 3% is:\n \n\n\n\n\n\n\n\nBeneficial Shareholding\n\n\n% of Issued Share Capital\n\n\nNon-beneficial Shareholding\n\n\n% of Issued Share Capital\n\n\n\n\nPatrick Willink\n\n\n55,699\n\n\n0.60%\n\n\n1,132,408\n\n\n12.26%\n\n\n\n\n \n.\nAs a result of the movement in the holding of ...