Fri 26 Apr 2013
Panmure Gordon & Co. plc (“the Company”) announces that, in accordance with the terms of the Company’s Performance Share Plan, 80,000 ordinary shares at nil consideration awarded to Philip Tansey, Chief Financial Officer of the Company, have today vested.
Consequently, Philip Tansey’s beneficial holding in the Company’s shares is now 160,000 ordinary shares, representing 0.1% of the Company’s issued share capital. In addition Mr Tansey has an option over 400,000 shares at an exercise price of 4p held in the Panmure Gordon & Co. plc No 2 Employee Benefit Trust which are currently exercisable and over which he is able to exercise voting rights, which when aggregated with his existing holding represents 0.36% of the Company’s issued share capital. He also holds two awards under the Performance Share Plan: i) in respect of a further 240,000 shares which will automatically vest in equal thirds on 31 March 2014, 2015 and 2016, subject to continued employment with a group company; and ii) in respect of 2,351,250 shares which will vest in equal thirds in 2015, 2016 and 2017, providing certain performance conditions are met.