DLTA Delta

 

TIDMDLTA 
 
RNS Number : 9766K 
Delta PLC 
28 April 2010 
 

                                    DELTA PLC 
 
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES 
                                    ("PDMRs") 
 
Delta plc announces the following transactions by PDMRs in the Company's 
ordinary shares of 25p each ("Shares"). 
 
On 28 April 2010, awards (structured as nil cost options) that vested on the 
same date when the offer by Valmont Industries Pty Ltd ("Valmont") became 
unconditional in all respects were exercised by Executive Directors under the 
terms of, and pursuant to, the rules of the Delta Performance Share Plan 
("PSP"). 
 
The Remuneration Committee has determined that following exercise and in lieu of 
the issue or transfer of Shares to satisfy the awards, it would make cash 
payments, determined using a value of 185p per Share, being the offer price from 
Valmont. 
 
Executive DirectorNo. of SharesCash Settlement 
Todd Atkinson              259,344                       GBP546,386.40 
Jon Kempster               191,105                       GBP353,544.25 
 
The vesting of the PSP awards was subject to the satisfaction of a performance 
condition based upon the Company's total shareholder return relative to the 
total shareholder return of the constituents of the FTSE SmallCap Index 
(excluding investment trusts), which was satisfied in full. 
 
Under the rules of the PSP, Todd Atkinson and Jon Kempster were also paid 
dividend equivalents of GBP47,475.77 and GBP30,719.63 respectively (structured 
as cash-based dividend equivalents) which are cash amounts equivalent to the 
dividends that were paid in respect of the Shares comprised in the PSP awards 
over the vesting period. 
 
The notification of these transactions is intended to satisfy the Company's 
obligations under Disclosure and Transparency Rule 3.1.4. 
 
                                      -End- 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSZVLFLBZFEBBE 
 

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