13th Jan 2014 16:48
13 January 2014
Bowleven plc ("Bowleven" or the "Company")
Lapse of January 2011 Awards
pursuant to the Bowleven Long Term Incentive Plan
Bowleven wishes to announce that on 13 January 2014 the Company's Remuneration Committee noted that the relevant performance conditions applying to the following Awards to Directors made under the Bowleven Long Term Incentive Plan ("LTIP") on 11 January 2011 had not been met and that accordingly the January 2011 Awards listed below have lapsed.
Director | No. of Shares comprised in January 2011 LTIP Award
|
Kerry Crawford | 34,211 |
Kevin Hart | 105,263 |
Chief Tabetando | 56,579 |
Ed Willett | 60,526 |
Peter Wilson | 39,474 |
Separately, all awards under the LTIP held by John Brown, former Finance Director, lapsed on 6 January 2014 upon his resignation.
ENQUIRIES
For further information please contact:
Bowleven plc
Kevin Hart, Chief Executive 00 44 131 524 5678
Peter Wilson, Company Secretary
Brunswick Group LLP
Patrick Handley 00 44 207 404 5959
Simon Maine
Bank of America Merrill Lynch (NOMAD)
Tony White 00 44 207 628 1000
Derek Ross
Related Shares:
BLVN.L