Director/PDMR Shareholding
April 04 2007 - 2:30AM
UK Regulatory
RNS Number:3778U
Arla Foods UK PLC
04 April 2007
1. ARLA FOODS UK PLC SHARE SCHEMES
1.1 Acquisition of shares by an EBT
On 3 April 2002 the Company was notified that Ogier Employee Benefit Trustee
Limited as trustee of the Express Dairies Employee Share Ownership Trust (the
"Trust") subscribed for 1,706,542 ordinary shares of 2p each in the Company at a
price of 2p per share on 29 March 2007.
The total holding of the Trust following this acquisition is 3,807,704 ordinary
shares of the Company.
The Trust is a discretionary trust established by the Company for the benefit of
employees of the Company and its subsidiaries. The executive directors of the
Company named below are, together with all of the Company's employees, potential
beneficiaries under the Trust and are, therefore, for the purposes of the
Companies Act 1985, deemed to have a notifiable interest in all the shares held
by the Trust:
Martin Gilbert
Nigel Peet
Tim Smith
Simon Stevens
1.2 Arla Foods UK plc Director/PDMR shareholding
On 3 April 2007 the Company was notified that awards under the Express Dairies
plc Long Term Incentive Plan 1998 (the "Plan") had vested. The participants of
the Plan include certain executive directors and other senior executives of the
Company discharging managerial responsibilities (together "Managers"). The
vested awards are to be satisfied by ordinary shares of 2p each in the Company
held by Ogier Employee Benefit Trustee Limited as trustee of the Trust.
Details of the shares held by the Trust in relation to awards held by Managers
pursuant to the Plan which vested are as follows:
Manager Position Shares under award which
vested on 2 April 2007
under the Plan
Martin Gilbert Executive director 203,778
Nigel Peet Executive director 285,449
Tim Smith Executive director 451,168
Simon Stevens Executive director 281,230
John Price Person discharging 185,543
managerial
responsibilities ("PDMR")
PDMR 49,717
Adrian Thompson PDMR 197,869
Peter Walker PDMR 51,788
Colin Lyness
Following the vesting of awards as detailed above, the Trust's holding of
ordinary shares in the Company will be reduced to nil.
1.3 Arla Foods UK plc PDMR shareholding
On 3 April 2007 the Company was notified that options under the Company's Share
Option Plan 1998 and the Company's 2004 Company Share Option Plan (together the
"CSOPs") had been exercised on 2 April 2007 and 3 April 2007. The participants
of the CSOPs include certain PDMR. The exercised options are to be satisfied by
new issue ordinary shares of 2p each in the Company.
Details of the shares acquired by the PDMRs on the exercise of their options are
as follows:
+--------------------------------+----------------------------------+
|PDMR |Shares acquired on 2 April 2007 |
| |pursuant to the exercise of |
| |options under the CSOPs |
+--------------------------------+----------------------------------+
|Adrian Thompson |56,204 |
+--------------------------------+----------------------------------+
|Colin Lyness |59,164 |
+--------------------------------+----------------------------------+
John Price
Company Secretary
Arla Foods UK PLC
This information is provided by RNS
The company news service from the London Stock Exchange
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