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Company Colt Group S.A.
TIDM COLT
Headline

Correction Announcement Director/PDMR Shareholding

Released 08:00 15-Mar-2013
Number 0674A08

RNS Number : 0674A
Colt Group S.A.
15 March 2013
 



Correction Announcement Director/PDMR shareholding

 

The following amendment has been made to the Director/PDMR Shareholding announcement released on 11 March at 10:52 under RNS No 6910Z:

 

The figure in No. 20 has now been amended from 631,434 to 619,473

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

 

Annex DTR3

 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 

All relevant boxes should be completed in block capital letters.

 

1.

Name of the issuer

Colt Group S.A.

2.

State whether the notification relates to a transaction notified in accordance with DTR 3.1.2 R.

 

 

 





3.

Name of person discharging managerial

responsibilities/director

 

Rakesh Bhasin

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

 

 





5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

N/A

 

 

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

N/A

 





7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

 

 

8.

State the nature of the transaction

N/A

 





9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

 

 

 

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

 





11.

Number of shares, debentures or financial instruments relating to shares disposed

N/A

 

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

 





13.

Price per share or value of transaction

N/A

 

14.

Date and place of transaction

N/A





15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

N/A

16.

Date issuer informed of transaction

 

N/A

 

 

 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

 

17.

Date of grant: 8 March 2013

18.

Period during which or date on which shares will vest

 

March 2016

 





19.

Total amount paid (if any) for grant of the option

 

Nil

20.

Description of shares or debentures involved (class and number)

 

 619,473 ordinary shares

 





21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

 

N/A

 

22.

Amount of share awards issued under Share Grant Plan (vesting subject to performance tests):

 

2,611,748 ordinary shares

 





23.

Any additional information

 

This announcement replaces the announcement made on 11 March 2013 relating to the award of shares to Rakesh Bhasin. Please note that in Box 20 of the Form the number of shares should have read 619,473 ordinary shares.

 

The vesting of this award of shares is conditional upon the achievement of challenging performance tests over a period of three years in accordance with the Rules of the Company's Share Grant Plan and is part of the normal annual grant cycle. The metrics are based on 50% revenue and 50% EBITDA - these are absolute targets details of which have been deposited with our independent auditors for assurance and which will be disclosed in the Directors' Remuneration Report in due course.

 

24.

Name of contact and telephone number for queries

 

Enquiries:

Caroline Griffin Pain

Company Secretary

Tel: +44 20 7390 3900
www.colt.net

 

Email: ColtInvestorRelations@colt.net

 





 

Name of authorised official of issuer responsible for making notification:

Caroline Griffin Pain

 

Date of notification 15 March 2013

 

 

Notes:   This form is intended for use by an issuer to make a RIS notification required by DR 3.3.

 

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Correction Announcement Director/PDMR Shareholding - RNS