b) |
Nature of the transaction |
In each case, on 31 July 2018 the Executive Directors exercised nil paid options over ordinary shares of 10 pence (the "Options") granted under the Company's Long Term Incentive Plan. Each of the messrs Vetch, Gibson, Lee and Trotman exercised the following Options at an average price of 951.69 pence per share: 1. Mr Vetch exercised an option to purchase 38,112 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold these shares at an average price of 951.69 pence per share. Following these transactions, Mr Vetch's holding has remained at 8,013,654 shares, representing 5.04% of the issued share capital of the Company. 2. Mr Gibson exercised an option to purchase 41,801 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold these shares at an average price of 951.69 pence per share. Following these transactions, Mr Gibson's holding has remained at 2,501,837 shares, representing 1.57% of the issued share capital of the Company. 3. Mr Lee exercised an option to purchase 30,980 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold these shares at an average price of 951.69 pence per share. Following this transaction, Mr Lee's beneficial holding has remained at 879,931 shares, representing 0.55% of the issued share capital of the Company. 4. Mr Trotman exercised an option to purchase 30,980 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold 14,608 shares at an average price of 951.69 pence per share in order to pay the associated PAYE and National Insurance. Following this transaction, Mr Trotman's beneficial holding has increased to 226,736 shares, representing 0.14% of the issued share capital of the Company. |