b) |
Nature of the transaction |
In each case, on 6 September 2016 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 Gibson, Lee and Trotman exercised the following Options at an average price of 766.71 pence per share: 1. Mr Gibson exercised an option to purchase 66,098 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold these shares at an average price of 766.71 pence per share. Following these transactions, Mr Gibson's holding has remained at 2,479,700 shares, representing 1.57% of the issued share capital of the Company. 2. Mr Lee exercised an option to purchase 45,804 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold 21,596 shares at an average price of 766.71 pence per share in order to pay the associated PAYE and National Insurance, retaining the remaining 24,208 shares. Following this transaction, Mr Lee's beneficial holding has increased to 854,643 shares, representing 0.54% of the issued share capital of the Company. 3. Mr Trotman exercised an option to purchase 45,804 shares under the Company's Long Term Incentive Plan at nil pence per share. He sold 21,596 shares at an average price of 766.71 pence per share in order to pay the associated PAYE and National Insurance, and also sold a further 14,208 shares at an average price of 766.71 pence per share, retaining the remaining 10,000 shares. Following this transaction, Mr Trotman's beneficial holding has increased to 154,658 shares, representing 0.10% of the issued share capital of the Company. |
