Admiral Group PLC Admiral Group Plc : Director/Pdmr Shareholding
15 October 2015 - 4:20AM
UK Regulatory
TIDMADM
14 October 2015
This disclosure relates to transactions of which notification is
required under DTR 3.1.2.
On 11 October 2012, the following individuals were awarded shares under
the Group's Discretionary Free Share Scheme:
- Geraint Jones (Chief Financial Officer);
- Kevin Chidwick (Chief Executive Officer of the Group's US
direct insurance business, Elephant Auto), a person discharging
managerial responsibility within Admiral Group plc;
- Milena Mondini (Chief Executive Officer of the Group's
Italian direct insurance business, ConTe.it), a person discharging
managerial responsibility within Admiral Group plc;
- Cristina Nestares (Head of Motor UK), a person discharging
managerial responsibility within Admiral Group plc;
100% of the award for Kevin Chidwick and 50% of the awards for Geraint
Jones, Milena Mondini and Cristina Nestares were subject to Group
Performance conditions from 1 January 2012 to 31 December 2014. The
performance conditions applied resulted in 69.7% of the shares subject
to performance conditions vesting.
- Geraint Jones was awarded 16,000 shares, of which 13,573
have vested. 6,380 shares were sold on 12 October 2015 at GBP15.42 and
7,193 have been retained. Geraint Jones, and his wife Karen Jones, now
hold a total of 50,260 ordinary shares in Admiral Group;
- Kevin Chidwick was awarded 52,250 shares, of which 36,402
have vested. 27,302 shares were sold on 12 October 2015 at GBP15.42 and
9,100 have been retained. Kevin Chidwick and family now hold a total of
110,277 ordinary shares in Admiral Group Plc;
- Milena Mondini was awarded 12,000 shares, of which 10,180
have vested. 4,785 were sold on 12 October 2015 at GBP15.42 and 5,395
have been retained. Milena Mondini, and her husband, Gabriele
Fattorelli, hold a total of 19,315 ordinary shares in Admiral Group;
- Cristina Nestares was awarded 25,000 shares, of which
21,208 have vested. 9,968 were sold on 12 October 2015 at GBP15.42 and
11,240 have been retained. Cristina Nestares now holds a total of 31,632
ordinary shares in Admiral Group.
For further information please contact:
Karen Maguire, Investor Relations 029 20434384
James Carnduff, Communications 029 20434394
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Admiral Group PLC via Globenewswire
HUG#1958946
http://www.admiralgroup.co.uk
(END) Dow Jones Newswires
October 14, 2015 13:20 ET (17:20 GMT)
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