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26 November 2007
Director/PDMR Shareholding
Diploma PLC, the international group of specialised distribution businesses, has today been notified that the following Directors have received ordinary shares in the Company as set out below:
| Received | Market price | ||
| BM Thompson | 23,625 | ordinary shares of 5p each | 880p |
| I Henderson | 14,175 | ordinary shares of 5p each | 880p |
| NP Lingwood | 14,175 | ordinary shares of 5p each | 880p |
The shares were received pursuant to the vesting of an award of shares made on 29 November 2004 under the Company’s Long Term Incentive Plan (“LTIP”). The vesting of the award was subject to performance conditions as set out in the LTIP and measured over a three year period ended 30 September 2007. Further details relating to the performance conditions will be set out in the Annual Report 2007, which will be posted to shareholders on 6 December 2007.
The shares were transferred to the Directors by Ogier Employee Benefit Trustee Limited, as trustee of the Diploma Employee Benefit Trust (“the Trust”). Accordingly the number of ordinary shares in the Company held by the Trust has, following this transfer, been reduced by 51,975 to 150,612 shares.
Each of the Executive Directors of the Company, BM Thompson, I Henderson, NP Lingwood, is deemed to be beneficially interested in all the shares held in the Trust from time to time by virtue of being a potential beneficiary under the Trust.
For further enquiries please contact:
| Bruce Thompson, Chief Executive Officer | 020 7549 5700 |
| Nigel Lingwood, Group Finance Director | 020 7549 5705 |