Pace Announcements

RNS Number : 0517D Pace PLC 09 September 2008  
?
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
 
(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. 
 
Please complete all relevant boxes should in block capital letters.

1. Name of the issuer

Pace plc

2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or 
(iii) both (i) and (ii)

(i)

3. Names of persons discharging managerial responsibilities/directors
Michael Pulli 
Anthony Dixon

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
Not applicable
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 non-beneficial interest
Persons named above

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

Ordinary Shares of 5p

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
    
Persons named above            
    
8 State the nature of the transaction
Michael Pulli - Sale of share options pursuant to the Pace US Sharesave Plan
Anthony Dixon - Exercise of share options under the Sharesave Scheme

9. Number of shares, debentures or financial instruments relating to shares acquired
Michael Pulli - 5,938
Anthony Dixon - 2,812

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
Michael Pulli - 0.002%
Anthony Dixon - 0.001%

11. Number of shares, debentures or financial instruments relating to shares disposed
Michael Pulli - 5,938
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 
0.002%
13. Price per share or value of transaction
Michael Pulli - Option exercise price of $1.13
Sale price of $1.6167
Anthony Dixon - Option exercise price of 32p

14. Date and place of transaction
Michael Pulli - 4 September 2008, London 
Anthony Dixon - 8 September 2008, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Not applicable 
   
16. Date issuer informed of transaction
Michael Pulli - 5 September 2008
Anthony Dixon - 8 September 2008
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant
18. Period during which or date on which it can be exercised

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

………………………………

20. Description of shares or debentures involved (class and number)
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

………………………………

23. Any additional information

………………………………

24. Name of contact and telephone number for queries

Dawn Edward
01274 538201

Name and signature of duly authorised officer of issuer responsible for making notification

Anthony Dixon
Company Secretary

Date of notification
9 September 2008

END 
This information is provided by RNSThe company news service from the London Stock Exchange  END  RDSILFLFAEIAIIT