Notification of transactions of directors, persons discharging managerial responsibility or connected persons
This notification relates to transactions notified in accordance with Disclosure Rule 3.1.4R(1)(a) and section 324 (as extended by section 328) of the Companies Act 1985.
On 12 March 2007, share awards under the company's long term incentive plan (LTIP) granted in 2004 vested. 544,094 share awards relating to ordinary shares of 25p each vested to Thomas Glocer, Reuters Chief Executive Officer. Mr Glocer sold 223,637 shares for £4.42 per share to cover the tax liability and retained 320,457 shares.
On the same day, 200,000 share awards under the LTIP relating to ordinary shares of 25p each vested to David Grigson and Devin Wenig, both executive directors at Reuters. Mr Grigson sold 82,205 shares and retained 117,795 shares. Mr Wenig sold 89,824 shares and retained 110,176 shares. The shares were sold at £4.42 per share to cover the tax liability.
On 13 March 2007, share awards under the LTIP were made to the same executive directors. Mr Glocer was awarded 500,000 share awards, Mr Wenig 300,000 share awards and Mr Grigson 200,000 share awards. The share awards were granted at nil cost to the director.
Also on 13 March 2007, share option awards under the company's Discretionary Share Option Plan of 625,000, 375,000 and 250,000 shares were made to Mr Glocer, Mr Wenig and Mr Grigson respectively. The option price was £4.42.
After these transactions the executive directors' interests in ordinary shares is as follows:
Director |
Shares Held |
Share awards under long term incentives |
Share Options |
Thomas Glocer |
721,802 |
3,148,505 |
7,176,858 |
David Grigson |
185,425 |
763,468 |
2,016,122 |
Devin Wenig |
216,019 |
913,468 |
2,533,671 |
These holdings do not exceed 1% of the issued share capital of the company.
Contact:
Elizabeth Maclean, Assistant Company Secretary
Email: elizabeth.maclean@reuters.com
Tel no. 020 7542 6706