Punch Taverns PLC Notification of Director Shareholding (4260S)

TIDMPUB

RNS Number : 4260S

Punch Taverns PLC

30 November 2012

Punch Taverns plc (the "Company")

30 November 2012

NOTIFICATION OF DIRECTOR SHAREHOLDING

Long Term Incentive Plan 2008 (the "Plan")

On 30 November 2012, in accordance with the rules of the Plan, the Remuneration Committee granted the following Options, at a price of 6.59 pence per share to the following Executive Directors of the Company:

 
                        Number of Shares 
                         subject to the 
                             Option 
 Executive Directors 
 Roger Whiteside           3,262,518 
 Steve Dando                   2,086,494 
 Total                         5,349,012

The exercise price payable to exercise the Options shall be GBP1. The Options will normally be exercisable between 30 November 2015 and 29 November 2022 subject to the optionholder's continued employment and to the extent that Total Shareholder Return ("TSR") targets are met.

Share Bonus Plan (the "Plan")

On 30 November 2012, in accordance with the rules of the Plan, the Company granted deferred share awards (the "Awards") totalling 623,745 Ordinary shares of 0.04786p each ("Ordinary Shares"), at a price of 6.60 pence per share (the closing share price on 29 November 2012), to the following Executive Directors:

 
                        Number of Ordinary 
                         Shares subject to 
                               Award 
 Executive Directors 
 Roger Whiteside             380,436 
 Steve Dando                 243,309 
 Total                       623,745

The Awards form part of the individuals' annual bonuses for the financial year ended 18 August 2012 and are not subject to further performance criteria. Subject to the rules of the Plan, the Awards will be satisfied by the transfer of Ordinary Shares to the individuals from the Company's Employee Benefit Trust on the second anniversary of the Awards.

The issued share capital of the Company is currently 664,959,175 Ordinary Shares.

Date of Notification: 30 November 2012

Ed Bashforth

Company Secretary

Punch Taverns plc

01283 502215

This information is provided by RNS

The company news service from the London Stock Exchange

END

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