RNS Number : 9339D
Dimension Data Holdings PLC
10 December 2009
DIMENSION DATA HOLDINGS PLC
("the Company")
Sale of shares by executive directors
The Company was advised on 10th December 2009 that following the vesting of certain Long Term Incentive awards granted during the financial year 2007, directors have sold shares to cover tax obligations related thereto and in all instances their shareholdings in the Company have increased as set out below:
|
Name of Director
|
Number of shares sold
|
Share Price
|
Shareholding increased by
|
|
JJ Ord
|
262,200
|
R9.14
|
611,800
|
|
BW Dawson
|
209,760
|
R9.14
|
664,240
|
|
PK Quarmby
|
157,320
|
R9.14
|
279,680
|
|
DB Sherriffs
|
93,480
|
R9.14
|
490,770
|
|
SM Joubert
|
186,960
|
R9.14
|
397,290
|
Grants to Executive Directors under deferred bonus arrangements
On 16th November 2009 the Company awarded deferred bonus shares to the value of $750,000 relating to performance in the 2009 financial year to B W Dawson, subject to shareholder approval of the Dimension Data Deferred Bonus Plan at the forthcoming Annual General Meeting. On 10th December 2009, the Company was advised that the deferred bonus has been converted to deferred bonus shares as follows:
Deferred Bonus Plan
|
Name of Director
|
Price of shares at award
|
Class of Security
|
Number of shares
|
Date of
Vesting
|
|
BW Dawson
|
GBP 0.722
|
Ordinary Shares
|
634,733
|
Upon notification of the achievement of the conditions by the Remuneration Committee
|
Total Number of shares or debentures over which options held following this notification
|
Name of Director
|
Share Options
|
Share Appreciation Rights
|
Deferred Bonus Shares
|
Long-Term Incentive Awards
|
|
JJ Ord
|
7,657,222
|
600,000
|
-
|
3,190,753
|
|
BW Dawson
|
4,398,859
|
600,000
|
1,774,733
|
3,612,271
|
|
PK Quarmby
|
3,095,800
|
300,000
|
-
|
1,597,877
|
|
DB Sherriffs
|
700,000
|
400,000
|
-
|
2,127,169
|
|
SM Joubert
|
3,098,914
|
400,000
|
-
|
2,127,169
|
Total shareholding following this notification
|
Name of Director
|
Shares Held
|
% holding of issued class
|
|
JJ Ord
|
12,361,608
|
0.73
|
|
BW Dawson
|
2,182,832
|
0.13
|
|
PK Quarmby
|
1,368,725
|
0.08
|
|
SM Joubert
|
1,534,683
|
0.09
|
|
DB Sherriffs
|
1,272,102
|
0.07
|
Retirement of Director
The Board wishes to announce that Dorian Wharton-Hood will retire as a non-executive director of the Company at the forthcoming Annual General Meeting, having served as non-executive director from July 2000. The directors wish to express their appreciation and gratitude to Dorian for his significant contribution to the Group during his tenure.
10 December 2009
Contact details
Kevin Handelsman
Tel: +27 (0)11 575 3632
Kevin.handelsman@za.didata.com
This information is provided by RNS
The company news service from the London Stock Exchange
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