09/06/2006
Friday
SSL International plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS (“PDMR’s”)
Under the terms of the SSL International plc Performance Share Plan, a long-term
incentive plan of the Company, conditional awards at nil cost have today been made
to Directors and PDMR’s of the Company. These awards, made at a price of 282.1p
per share, are subject to a three year performance period from 1 April 2006 to
31 March 2009. The maximum number of 10p Ordinary shares in the Company which each
Director and PDMR could potentially receive in respect of this performance period,
is as follows:-
Number of Shares
Garry Watts 187,876
Ian Adamson 87,734
Mark Moran 87,734
Mike Pilkington 87,734
Chris Bunniss 43,867
Shaun Davis 41,873
Jon Gray 50,514
The vesting of the awards is subject to the achievement of certain EPS targets.
Following this announcement, the total number of performance shares held by each
Director and PDMR under the SSL International plc Performance Share Plan is as follows:
Number of Shares
Garry Watts 359,756
Ian Adamson 167,013
Mark Moran 167,013
Mike Pilkington 167,013
Chris Bunniss 81,921
Shaun Davis 80,546
Jon Gray 98,081
Maria Buxton-Smith
Deputy Company Secretary
0207 367 5775
Date of Notification: 9 June 2006