Press Releases
Director Shareholding
25/04 2005
Exercise of Share Options
Mr A C Morrison an executive director of Forth Ports PLC today (25th April 2005) exercised the following share options over ordinary shares of 50p in the capital of the company pursuant to the Forth Ports PLC Executive Share Option Scheme (the relevant performance criteria as set out in the Share Options having been duly met):
Option Price- £7.105
Number of Shares being exercised 9,360
Exercise Cost - £66,502.80
Sale of Shares
Mr A C Morrison today (25th April 2005) sold the undernoted shares (including those exercised as aforesaid) as follows:
Name: Mr A C Morrison
Shares Sold: 29,360 ordinary shares of 50p each
Sale Price per Share: 1345pence
After 22 years of service to the Company, Mr Morrison is retiring from the Board at the AGM on 6th May 2005 and the level of disposals has been made by Mr Morrison with this in mind.
Following this notification, Mr A C Morrison remains interested in the following ordinary shares of 50p in the capital of the Company, namely:
Name: Mr A C Morrison
Ordinary Shares of 50p each: 24,260
Ordinary Shares of 50p remaining under the Shares of 50p Forth Ports Executive Share Option Scheme and the Forth each Ports Long Term Incentive Plan: No Options avaliable.
Name: Mrs N P Morrison
Ordinary Shares of 50p each: 18,382
