Fuller Smith & Turner : 30-Jul-2014 Directors’ interests in Ordinary Shares of the Company
July 31, 2014 at 07:22 am EDT
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30-Jul-2014: Directors' interests in Ordinary Shares of the Company
The Company announces that the Trustees of its Long Term Incentive Plan ("LTIP") today made a release of shares to Directors in accordance with the LTIP (grant number 14), which includes both listed "A" ordinary shares of 40p each and unquoted "B" ordinary shares of 4p each.
To facilitate the financing of the resultant tax liability arising on these awards, the Trustees have also sold in the market on behalf of each Director a proportion of the 'A' ordinary shares originally awarded at £7.09 per shares. The shares were sold today at £9.50 per share. As shown in the table below, some of the participants have also requested that the Trustees sell further shares on their behalf. These shares were also sold at £9.50 per share.
DIRECTOR 40p 'A' Shares 40p 'A' Additional 40p 4p 'B'
Fuller, Smith & Turner PLC is a United Kingdom-based premium pubs and hotels business. The Company provides food and a range of drinks, bedrooms, and engaging services. It operates through two segments: Managed Pubs and Hotels, and Tenanted Inns. Its Managed Pubs and Hotels include Cotswold Inns & Hotels operates approximately seven hotels in the Cotswolds, and Bel & The Dragon operates approximately six exquisite modern English inns located in the Home Counties. Its Tenanted Inns segment comprises pubs operated by third parties under tenancy or lease agreements. The Company has approximately 183 managed businesses, 1,015 boutique bedrooms, and 193 tenanted inns. It provides a range of pub categories, including breakfast & brunch, ale, and pie pubs, licensed, pubs in Hampshire, live sports pubs, play areas, pub gardens, rugby pubs, and others. Its hotels include The Bear of Burton, Christchurch; The Blackbird, Earl's Court; The Bull Hotel, Bridport, and others.