Thu 1 Apr 2010
Panmure Gordon & Co. plc (“the Company”) announces that, in accordance with the terms of the Company’s Matching Share Plan, 12,500 free shares awarded to Tim Linacre, Chief Executive of the Company, vested on 31 March 2010.
Consequently, Tim Linacre’s beneficial holding in the Company’s shares is now 99,240 ordinary shares, representing 0.07% of the Company’s issued share capital. In addition Mr Linacre has an option over 2,472,738 shares 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 1.77% of the Company’s issued share capital. He also holds 872,731 performance share options which are currently exercisable. All options are at an exercise price of 4p and have no expiry date.
In order to satisfy the vesting of the above awards and other employee awards also vesting at the same time, 560,611 ordinary 4p shares have today been transferred from treasury stock.
Following the transfer of shares out of treasury, the Company holds 2,793,254 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 144,947,499.