8th Jun 2010 15:18
Vectura Group plc ("the Company")
Awards under Long-term Incentive Plan
Chippenham, UK, 8 June 2010 (LSE: VEC): As part of the annual award to Executive Directors and Senior Executives of Vectura Group plc, under the Company's Long-Term Incentive Plan ("LTIP"), the following Executive Directors of the Company were today granted the award of nil-cost options as follows:
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Dr. Chris Blackwell, Chief Executive Anne Hyland, Chief Financial Officer |
1,757,368 ordinary shares of 0.025p each 1,149,263 ordinary shares of 0.025p each |
This award was calculated using a share price 38p, being the price at mid-day on 7 June 2010. A proportion of these nil-cost options may be exercisable by the Executive Directors dependent on the achievement of a rigorous pre-determined set of performance conditions set out in the rules of the LTIP, any such award being due for release on 7 June 2013.
Enquiries:
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Vectura Group plc Anne Hyland Chief Financial Officer and Company Secretary
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01249 667 612 |
Related Shares:
VEC.L