TIDMASD

RNS Number : 8862U

Axis-Shield PLC

22 October 2010

Axis-Shield plc

Long Term Incentive Plan - Vesting of Awards

Dundee, Scotland, 22 October 2010. Axis-Shield plc (LSE:ASD, OSE:ASD), the international and innovative in vitro diagnostics company (the 'Company'), announces that on 22 October 2010, a total of 10,500 ordinary shares of 35 pence each ("Shares") vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's Long Term Incentive Plan ("LTIP"). This vesting, details of which are provided below, related to the "retention awards" granted to the relevant individuals under the LTIP on 9 October 2007:

 
                             No. of Shares originally      No. of Shares that 
                                 subject to retention    vested on 22 October 
 Name                Role                      awards                    2010 
------------------  ------  -------------------------  ---------------------- 
 Colin King          PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ---------------------- 
 Atle Schjott        PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ---------------------- 
 Oddvar Vanberg      PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ---------------------- 
 Gordon Powell       PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ---------------------- 
 John Sperzel        PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ---------------------- 
 Kjersti Grimsrud    PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ---------------------- 
 George Zajicek      PDMR                       1,500                   1,500 
------------------  ------  -------------------------  ----------------------

In accordance with the rules of the LTIP, all of the above Shares have been transferred to the relevant individuals by the trustee of the Company's Employee Benefit Trust (the 'Trust').

Following the transfer of shares to PDMRs, a total of 5,211 Shares were sold at a price of 292p per Share on behalf of the PDMRs on 22 October 2010. Details of these sales, and the resulting effect on the PDMRs' shareholdings, are set out below:

 
                             Previous      Shares                          New 
 Name            Role    shareholding    received   Shares sold   shareholding 
--------------  ------  -------------  ----------  ------------  ------------- 
 Colin King      PDMR             885       1,500         1,500            885 
--------------  ------  -------------  ----------  ------------  ------------- 
 Atle Schjott    PDMR          12,592       1,500             -         14,092 
--------------  ------  -------------  ----------  ------------  ------------- 
 Oddvar 
  Vanberg        PDMR               -       1,500         1,500              - 
--------------  ------  -------------  ----------  ------------  ------------- 
 Kjersti 
  Grimsrud       PDMR           2,780       1,500           729          3,551 
--------------  ------  -------------  ----------  ------------  ------------- 
 Gordon Powell   PDMR           4,936       1,500           429          6,007 
--------------  ------  -------------  ----------  ------------  ------------- 
 John Sperzel    PDMR               -       1,500           429          1,071 
--------------  ------  -------------  ----------  ------------  ------------- 
 George 
  Zajicek        PDMR          10,796       1,500           624         11,672 
--------------  ------  -------------  ----------  ------------  -------------

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.

This announcement is required to be made on the London Stock Exchange and is repeated in Norway for Oslo Stock Exchange purposes in accordance with the "equivalent information" rule (DTR 2.4 of the UK Listing Authority Rules).

--Ends--

Enquiries:

 
 Axis-Shield plc                     Tel: +44 (0)203 178 7849 
----------------------------------  ------------------------- 
 Ronny Hermansen, Finance Director 
----------------------------------  -------------------------

Notes for Editors

About Axis-Shield

Axis-Shield (www.axis-shield.com) is an international in vitro diagnostics company, headquartered in Dundee with R&D and manufacturing bases in Dundee and Oslo. The Group specialises in the supply of instruments and tests for the rapidly growing physician's office testing market and the development, manufacture and marketing of innovative proprietary diagnostics kits in areas of clinical need, including cardiovascular and neurological diseases, rheumatoid arthritis, and diabetes.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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