Terrace Hill Group PLC Director/PDMR Shareholding (8977F)
30 April 2014 - 7:25PM
UK Regulatory
TIDMTHG
RNS Number : 8977F
Terrace Hill Group PLC
30 April 2014
Terrace Hill Group PLC
("Terrace Hill" or "the Company")
Director Shareholding
Notification under AIM Rule 17
30 April 2014
The Company was notified on 30 April 2014 by Jon Austen, Group
Finance Director of the Company, that on 29 April 2014 he had
exercised his option over 594,059 performance share awards which
had vested in him in 2011. Jon Austen funded the tax liability
arising on the exercise with cash and consequently has retained all
the shares subject to the award. The Company satisfied the award
with a transfer of an equivalent number of shares held by the
Company's Employee Benefit Trust.
Following this, Jon Austen's total beneficial interest in the
shares of the Company increases to 1,034,189 shares, representing
0.49% of the total issued share capital of the Company.
The Employee Benefit Trust now holds 425,941 shares in the
Company.
For further information, please visit www.terracehill.co.uk or
contact:
Terrace Hill Tel: 020 7631 1666
Philip Leech
Oriel Securities (Nominated Adviser) Tel: 020 7710 7600
David Arch
Notes to editors:
Terrace Hill Group
Terrace Hill Group PLC is a regionally based UK property
development and investment group quoted on AIM. Formed in 1986, the
Company has five offices located in London, Glasgow, Teesside,
Bristol and Manchester.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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