Torotrak plc (“the Company”) announces that on 3rd September a total of 252,909 ordinary shares of 10p each in the Company (“Shares”) were awarded to two Directors under the Company’s annual bonus scheme, to be satisfied by way of a distribution of Shares held by the trustees of the Torotrak plc Employee Share Trust (“the Trust”). The awards were granted at 31.8p per Shares, being the average closing price of the Shares in the 5 business days preceding the awards.
Mr Richard Elsy was awarded 127,123 Shares and the Trust will sell such Shares to cover his liability for tax and national insurance, leaving him with a resultant increase in his beneficial interest in the Company of 75,003 Shares.
Mr Jeremy Deering was awarded 125,786 Shares and the Trust will sell such Shares to cover his liability for tax and national insurance, leaving him with a resultant increase in his beneficial interest in the Company of 74,214 Shares.
The increased holdings in the Company are shown below.
| Director | Net increase in beneficial interest in Shares resulting from award | Resultant total beneficial Share interest | Percentage of current issued share capital |
| Dick Elsy (Chief Executive) | 75,003 | 517,441 | 0.35% |
| Jeremy Deering (Finance Director) | 74,214 | 232,547 | 0.16% |
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