Stock Exchange announcements
13-Jul-2012: Long Term Incentive Plan
At it's meeting yesterday, 12 July 2012, the Remuneration Committee confirmed the awards under the Company’s Long Term Incentive Plan (“LTIP”) which included the notifiable awards set out below.
All awards are over a combination of both 40p ‘A’ ordinary and 4p ‘B’ ordinary shares.
The calculation of the awards was based on the closing price as at 11 July 2012, being £7.05 for ‘A’ shares and £0.705 (notionally) for ‘B’ shares.
An award amounts to a contractual right to acquire an interest in shares, provided the director/senior manager remains an employee at the third anniversary of the grant (the normal vesting date), and only to the extent that the performance condition attached to the scheme is met. These criteria are based on a sliding scale which may result in less than the full award vesting.
NAME OF DIRECTOR*/OR PDMR
NO OF A SHARES GRANTED (80%)
NO OF B SHARES GRANTED (20%)
NO OF ‘A’ SHARES AS A % OF ISSUED CLASS
NO OF ‘B’ SHARES AS A % OF ISSUED CLASS
Andy Bowen
4,382
10,957
0.01%
0.01%
*Ian Bray
17,276
43,191
0.05%
0.05%
Justin Carter
6,397
15,992
0.02%
0.02%
Mike Clist
5,929
14,822
0.02%
0.02%
Mark Dally
6,022
15,056
0.02%
0.02%
*James Douglas
30,070
75,177
0.09%
0.08%
*Simon Emeny
37,787
94,468
0.11%
0.11%
*Richard Fuller
14,297
35,744
0.04%
0.04%
Marie Gracie
10,314
25,787
0.03%
0.03%
John Keeling
5,189
14,549
0.02%
0.02%
John Meadowcroft
5,757
14,393
0.02%
0.02%
Elton Mouna
2,695
6,738
0.01%
0.01%
Duncan Munro
6,802
17,007
0.02%
0.02%
Colin Simpson
4,350
10,876
0.01%
0.01%
*Jonathon Swaine
14,893
37,234
0.04%
0.04%
Peter Turner
5,467
13,668
0.02%
0.02%
*Michael Turner
45,390
113,475
0.14%
0.13%
Layla Whitby
4,085
10,212
0.01%
0.01%
Enquiries: Louise Miller, Assistant Company Secretary - 0208 996 2115
All awards are over a combination of both 40p ‘A’ ordinary and 4p ‘B’ ordinary shares.
The calculation of the awards was based on the closing price as at 11 July 2012, being £7.05 for ‘A’ shares and £0.705 (notionally) for ‘B’ shares.
An award amounts to a contractual right to acquire an interest in shares, provided the director/senior manager remains an employee at the third anniversary of the grant (the normal vesting date), and only to the extent that the performance condition attached to the scheme is met. These criteria are based on a sliding scale which may result in less than the full award vesting.
NAME OF DIRECTOR*/OR PDMR
NO OF A SHARES GRANTED (80%)
NO OF B SHARES GRANTED (20%)
NO OF ‘A’ SHARES AS A % OF ISSUED CLASS
NO OF ‘B’ SHARES AS A % OF ISSUED CLASS
Andy Bowen
4,382
10,957
0.01%
0.01%
*Ian Bray
17,276
43,191
0.05%
0.05%
Justin Carter
6,397
15,992
0.02%
0.02%
Mike Clist
5,929
14,822
0.02%
0.02%
Mark Dally
6,022
15,056
0.02%
0.02%
*James Douglas
30,070
75,177
0.09%
0.08%
*Simon Emeny
37,787
94,468
0.11%
0.11%
*Richard Fuller
14,297
35,744
0.04%
0.04%
Marie Gracie
10,314
25,787
0.03%
0.03%
John Keeling
5,189
14,549
0.02%
0.02%
John Meadowcroft
5,757
14,393
0.02%
0.02%
Elton Mouna
2,695
6,738
0.01%
0.01%
Duncan Munro
6,802
17,007
0.02%
0.02%
Colin Simpson
4,350
10,876
0.01%
0.01%
*Jonathon Swaine
14,893
37,234
0.04%
0.04%
Peter Turner
5,467
13,668
0.02%
0.02%
*Michael Turner
45,390
113,475
0.14%
0.13%
Layla Whitby
4,085
10,212
0.01%
0.01%
Enquiries: Louise Miller, Assistant Company Secretary - 0208 996 2115
Enquiries:
Category: Annual Information Update