LTIP - Vesting of Performance Awards
02 November 2010 - 6:00PM
UK Regulatory
TIDMASD
RNS Number : 4188V
Axis-Shield PLC
02 November 2010
Axis-Shield plc
Long Term Incentive Plan - Vesting of Performance Awards
Dundee, Scotland, 2 November 2010. Axis-Shield plc (LSE:ASD, OSE:ASD) (the
'Company'), the international and innovative in vitro diagnostics company,
announces that on 1 November 2010 a total of 90,065 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 "performance awards" granted to the relevant individuals under the LTIP on 9
October 2007:
+---------------------+----------+--------------------+----------------------+
| Name | Role | No. of Shares | No. of Shares that |
| | | originally subject | vested on 1 November |
| | | to performance | 2010 |
| | | awards | |
+---------------------+----------+--------------------+----------------------+
| Ian Gilham | PDMR | 30,000 | 24,092 |
+---------------------+----------+--------------------+----------------------+
| Erling Sundrehagen | PDMR | 25,000 | 20,077 |
+---------------------+----------+--------------------+----------------------+
| Ronny Hermansen | PDMR | 40,000 | 32,123 |
+---------------------+----------+--------------------+----------------------+
| Colin King | PDMR | 2,500 | 1,680 |
+---------------------+----------+--------------------+----------------------+
| Atle Schjøtt | PDMR | 6,500 | 4,367 |
+---------------------+----------+--------------------+----------------------+
| John Sperzel | PDMR | 6,500 | 4,367 |
+---------------------+----------+--------------------+----------------------+
| George Zajicek | PDMR | 5,000 | 3,359 |
+---------------------+----------+--------------------+----------------------+
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 39,789 Shares were sold at
a price of 253p per Share on behalf of the PDMRs on 1 November 2010. Details of
these sales, and the resulting effect on the PDMRs' shareholdings, are set out
below:
+------------------+----------+--------------+----------+-----------+--------------+
| Name | Role | Previous | Shares | Shares | New |
| | | shareholding | received | sold | shareholding |
+------------------+----------+--------------+----------+-----------+--------------+
| Ian Gilham | PDMR | 22,015 | 24,092 | 12,287 | 33,820 |
+------------------+----------+--------------+----------+-----------+--------------+
| Erling | PDMR | 79,645 | 20,077 | 20,077 | 79,645 |
| Sundrehagen | | | | | |
+------------------+----------+--------------+----------+-----------+--------------+
| Ronny Hermansen | PDMR | 61,375 | 32,123 | - | 93,498 |
+------------------+----------+--------------+----------+-----------+--------------+
| Colin King | PDMR | 885 | 1,680 | 1,680 | 885 |
+------------------+----------+--------------+----------+-----------+--------------+
| Atle Schjøtt | PDMR | 14,092 | 4,367 | - | 18,459 |
+------------------+----------+--------------+----------+-----------+--------------+
| John Sperzel | PDMR | 1,071 | 4,367 | 4,367 | 1,071 |
+------------------+----------+--------------+----------+-----------+--------------+
| George Zajicek | PDMR | 11,672 | 3,359 | 1,378 | 13,653 |
+------------------+----------+--------------+----------+-----------+--------------+
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 is an international and innovative 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.
For more information on Axis-Shield, please refer to www.axis-shield.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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