Director shareholdings: 26 June 2012

Panmure Gordon & Co. plc (“the Company”) announces that directors of the Company have today purchased ordinary shares of 4p each in the Company at a price of 9.5p as follows:

Director Shares purchased Resulting total beneficial holding Percentage of issued share capital
Anthony Cann 314,000 510,962 0.34%
Tim Linacre* 52,000 191,240 0.13%
Ed Warner 100,000 400,000 0.27%
Lesley Watkins 83,500 83,500 0.06%In addition, Philip Tansey, Chief Financial Officer, and Tim Linacre, Chairman of Investment Banking, have today been granted share awards under the Company’s Performance Share Plan over a total of 3,135,000 and 3,375,000 of the Company’s ordinary shares respectively.

An amount of up to one-third of Philip Tansey’s award will vest in each of 2015, 2016 and 2017 and an amount of up to one-third of Tim Linacre’s award will vest in each of 2014, 2016 and 2017 if the Panmure Gordon Group achieves the following pre-tax profit levels in the financial years ending 31 December 2013, 2014 and 2015:

Financial year Pre-tax profit Number of shares to vest – Tim Linacre Number of shares to vest – Philip Tansey
2013 Less than £3m 0 0
2013 £3m – £4.5m 375,000 295,000
2013 £4.5m – £6m 750,000 670,000
2013 More than £6m 1,125,000 1,045,000

2014 Less than £4.5m 0 0
2014 £4.5m – £6m 375,000 295,000
2014 £6m – £7.5m 750,000 670,000
2014 More than £7.5m 1,125,000 1,045,000

2015 Less than £6m 0 0
2015 £6m – £7.5m 375,000 295,000
2015 £7.5m – £9m 750,000 670,000
2015 More than £9m 1,125,000 1,045,000

* Tim Linacre also 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 shareholding represents 1.77% of the Company’s issued share capital. He also holds 872,731 performance share options which are currently exercisable. All of these options are at an exercise price of 4p and have no expiry date. He additionally holds 73,170 share options under the Company’s Approved Company Share Option Plan at an exercise price of 41p, exercisable between 26 May 2013 and 26 May 2020.

Philip Tansey’s beneficial holding in the Company’s shares is 80,000 ordinary shares, representing 0.05% 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 0.32% of the Company’s issued share capital. He also holds an award under the Performance Share Plan in respect of a further 320,000 shares which will automatically vest in equal quarters on 31 March 2013, 2014, 2015 and 2016, subject to continued employment with a group company.

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