PDMR

25-06-2014

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons 

1.

Name of the issuer

BRIT PLC

                          

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code

DTR 3.1.2 R

 

3.

Name of person discharging managerial responsibilities/director

MARK CLOUTIER

ANDREW BADDELEY

MATTHEW WILSON

MARK ALLAN

NIGEL MEYER

SHANE KINGSTON

JOHN STRATTON

STEVE ROBSON

LORRAINE DENNY

 

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 above and identify the connected person

N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

PERSONS REFERRED TO IN 3 ABOVE

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY SHARES OF 1p  EACH

7.

Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

 MARK CLOUTIER HOLDS 742,400 SHARES THROUGH SJT LIMITED, THE TRUSTEE OF THE BRIT MANAGEMENT EQUITY PLAN EMPLOYEE TRUST AND 462,376 SHARES DIRECTLY.

MATTHEW WILSON HOLDS 246,601 SHARES THROUGH SJT LIMITED AND 523,716 SHARES DIRECTLY.

ANDREW BADDELEY HOLDS 215,776 SHARES THROUGH SJT LIMITED AND 44,224 SHARES DIRECTLY.

MARK ALLAN HOLDS 222,460 SHARES THROUGH SJT LIMITED AND 68,500 SHARES DIRECTLY.

THE FOLLOWING ALL HELD THEIR SHARES THROUGH SJT LIMITED:

NIGEL MEYER 242,514 SHARES.

SHANE KINGSTON 164,152 SHARES.

JOHN STRATTON 319,514 SHARES.

STEVE ROBSON 56,264 SHARES.

LORRAINE DENNY 126,070 SHARES.

8.

State the nature of the transaction

GRANT OF AN AWARD UNDER THE COMPANY’S SHARE INCENTIVE PLAN SEE 17 - 23 BELOW.

9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial instruments relating to shares disposed

 

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

N/A

14.

Date and place of transaction

24 JUNE 2014; LONDON

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

MARK CLOUTIER: 1,204,776 (0.3%)

ANDREW BADDELEY: 260,000 (0.065%)

MATTHEW WILSON: 770,317 (0.192%)

MARK ALLAN: 290,960 (0.073%)

NIGEL MEYER: 242,514 (0.061%)

SHANE KINGSTON: 164,152 (0.041%)

JOHN STRATTON: 319,514 (0.08%)

STEVE ROBSON: 56,264 (0.014%)

LORRAINE DENNY: 126,070 (0.032%)

16.

Date issuer informed of transaction

24 JUNE 2014

 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.

Date of grant

24 JUNE 2014

18.

Period during which or date on which exercisable

24 JUNE 2017

19.

Total amount paid (if any) for grant of the option

NIL

20.

Description of shares or debentures involved (class and number)

AN AWARD OF 1,490 SHARES TO EACH PERSON LISTED BELOW UNDER THE COMPANY’S SHARE INCENTIVE PLAN – FREE SHARE AWARD

21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22.

Total number of shares or debentures over which options held following notification

MARK CLOUTIER 1,490 SHARES

MATTHEW WILSON 1,490 SHARES

ANDREW BADDELEY 1,490 SHARES

MARK ALLAN 1,490 SHARES

NIGEL MEYER 1,490 SHARES

SHANE KINGSTON 1,490 SHARES

JOHN STRATTON 1,490 SHARES

STEVE ROBSON 1,490 SHARES

LORRAINE DENNY 1,490 SHARES

23.

Any additional information

24.

Name of contact and telephone number for queries

TIM HARMER (COMPANY SECRETARY)

+44 (0)20 7984 8708

 

 

Date of notification 25 JUNE 2014