Director/PDMR Shareholding
13 May 2008 - 7:00PM
UK Regulatory
13 May 2008
AGA RANGEMASTER GROUP PLC
AWARDS UNDER THE LONG-TERM INCENTIVE PLAN
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
1. Name of the issuer
AGA RANGEMASTER GROUP PLC (the 'Company')
2. Details of transactions
This notification relates to a transaction notified in accordance with
Disclosure and Transparency Rule 3.1.4R(1)(a) relating to Awards granted under
the Company's Long-Term Incentive Plan ('LTIP') to persons discharging managerial
responsibility ('PDMR'):-
Name No. of Date of grant
options
granted
W B McGrath 85,391 12 May 2008
S M Smith 49,051 12 May 2008
M A Bufton 17,519 12 May 2008
R G Eagleton 17,519 12 May 2008
G J V Green 17,519 12 May 2008
G A O'Brien 17,519 12 May 2008
3. Period during which or date on which it can be exercised
Exercise Period 12/05/2011 - 11/05/2018
4. Total amount paid (if any) for grant of the option
None
5. Description of shares or debentures involved (class and number)
Ordinary shares of 46 7/8 pence
6. Any additional information
There is a range in the number of shares each PDMR could be entitled to acquire
in respect of the awards dependent on two performance criteria. Half the awards
of shares under the LTIP (which are granted as options) are dependent on the
Company's total shareholder return ('TSR')compared with the TSR of companies in
the FTSE 250 Index over a three year performance period. The remaining half of
the awards of shares under the LTIP are subject to EPS growth exceeding RPI
growth by a minimum of 5% per annum for partial vesting and a maximum of 12% per
annum for full vesting. Under both performance conditions a sliding scale is in
operation and full vesting of conditional awards would be subject to superior
performance. There is a nominal �1 payable on exercise of an award granted as an
option and no charge in respect of the actual grant of an award. The options
noted in paragraph 2 were granted by an employee benefit trust established by
the issuer rather than by the issuer itself.
7. Name of contact and telephone number for queries
Rachel Jeavons 0121 711 6090
Name of duly authorised officer of issuer responsible for making notification
P M Sissons
Company Secretary
Date of notification
13 May 2008
END
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