25th Oct 2006 17:07
Chime Communications PLC25 October 2006 CHIME COMMUNICATIONS PLC Announcement of Establishment of Co-Investment Plan Chime Communications PLC ("the Company"), the leading marketing services group,announces the establishment of the Chime Communications PLC Co-Investment Plan("the Plan") as approved by shareholders at the Extraordinary General Meeting on08 September 2006. The Plan has been designed by the Remuneration Committee tosupport the delivery of the Company's three year business plan. Each of the Executive Directors are to participate in the Plan. Four othersenior executives will also take part. Participation in the Plan is contingenton each Director committing to maintain a minimum investment in the Company'sshares ("Deposited Shares") until the end of the performance period over shareswith an initial value of 50% of salary capped at £175,000 per participant. TheExecutive Directors have committed to holding the following number of shares: +--------------------+--------------------+---------------------+ | | |No of Deposited | | | |Shares | +--------------------+--------------------+---------------------+ |Executive Chairman |Lord Bell | 418,436 | +--------------------+--------------------+---------------------+ |Deputy Chairman |Piers Pottinger | 460,526 | +--------------------+--------------------+---------------------+ |Chief Executive |Christopher | 449,404 | | |Satterthwaite | | +--------------------+--------------------+---------------------+ |Finance Director |Mark Smith | 326,404 | +--------------------+--------------------+---------------------+ The participants will be granted a maximum award of five times as many matchingshares with the vesting of those shares dependent upon the achievement ofstretching performance targets measured over a four year performance period. For the duration of the Plan, participants will not be eligible to receivefurther awards under any of the Company's long term incentive plans. -ends- For further details contact: Lord BellChime Communications PLC020 7861 8515 Charles Cook/Geoff CallowBell Pottinger Corporate and Financial020 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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