Notification of transactions of directors, persons discharging managerial responsibility or connected persons
On 15 March 2006, Reuters Group PLC (the “Company”) made a number of grants of Discretionary Share Plan (DSOP) Options and Long Term Incentive Plan (LTIP) Share Awards to persons discharging managerial responsibilities. Below are details of the grants made:
|
First Name |
Last Name |
LTIP |
DSOP |
|
Anne |
Bowerman |
18,208 |
- |
|
Thomas |
Glocer |
500,000 |
625,000 |
|
David |
Grigson |
200,000 |
250,000 |
|
Christopher |
Hagman |
107,000 |
71,000 |
|
Geert |
Linnebank |
73,000 |
49,000 |
|
Rosemary |
Martin |
61,000 |
41,000 |
|
Susan |
Taylor-Martin |
49,000 |
33,000 |
|
Simon |
|
60,000 |
40,000 |
|
Devin |
Wenig |
250,000 |
325,000 |
The LTIP's performance is assessed by reference to the Company's relative total shareholder return (TSR) measured against the FTSE 100 over the performance period. For awards made in 2006 and subsequently, this criterion will apply to determine the vesting for 50% of the initial award. The remaining proportion of the award will be determined by the Company's achievement of preset Profit Before Tax (PBT) growth achieved over the three year performance period.
In order to vest, DSOPs require a minimum level of 6% a year growth in Earning Per Share (EPS) for half the options to vest; 9% a year will be required for all options to vest. Executive directors will only be permitted to exercise 50% of the vested options after the initial three year period. The remaining options will only be exercisable, in two equal tranches, one and two years later. The DSOPs were granted with an option price of £3.93.
Following the grants detailed above persons discharging managerial responsibilities at the Company hold the following share options and share awards in relation to the Company's ordinary 25p shares:
|
First Name |
Last Name |
LTIP |
DSOP |
Other Share Award Plans |
|
Anne |
Bowerman |
32,992 |
63,963 |
8,586 |
|
Thomas |
Glocer |
3,602,024 |
7,871,929 |
|
|
David |
Grigson |
826,967 |
1,839,261 |
|
|
Christopher |
Hagman |
364,408 |
724,880 |
|
|
Geert |
Linnebank |
272,322 |
540,964 |
|
|
Rosemary |
Martin |
239,751 |
418,385 |
|
|
Susan |
Taylor-Martin |
122,060 |
256,999 |
|
|
Simon |
Walker |
256,337 |
337,571 |
|
|
Devin |
Wenig |
858,514 |
1,833,671 |
|
No one person's holding exceeds 1% of the issued share capital of the Company.
About Reuters
Reuters (www.reuters.com), the global information company, provides
indispensable information tailored for professionals in the financial services,
media and corporate markets. Its trusted information drives decision making
across the globe based on a reputation for speed, accuracy and independence.
Reuters has 15,300 staff in 89 countries, including staff from the acquisition
of Telerate in June 2005. It also includes 2,300 editorial staff in 189 bureaux
serving 128 countries, making Reuters the world's largest international
multimedia news agency. In 2005, Reuters revenues were £2.4 billion.
Reuters and the sphere logo are the trade-marks of the Reuters group of companies.