6th Apr 2005 15:26
GKN plc Directors' Interests in Shares Awards of conditional rights to 50p ordinary shares of GKN plc (the `Company')under the GKN Long Term Incentive Plan 2004 were made on 5 April 2005 to thefollowing Executive Directors of the Company: Total number of shares the Number of shares the subject of conditional awardsDirector subject of the award following this notification Mr K Smith 215,720 647,440 Mr R J Clowes 120,300 360,800 Mr I R Griffiths 153,140 451,240 Mr N M Stein 123,800 371,540 The shares will only become capable of release to Executive Directors to theextent that certain performance criteria are satisfied by the Company over the3 year performance period which commenced on 1 January 2005. Release is alsoconditional upon the Executive Director satisfying a personal shareholdingrequirement. Shares will not be released to Executive Directors before thefourth anniversary of the award date.Grants of share options over 50p ordinary shares of the Company under the GKNExecutive Share Option Scheme 2004 were also made on 5 April 2005 to thefollowing Executive Directors of the Company: Total number of shares Number of shares over over which options held Director which option granted following this notification Mr K Smith 300,062 1,816,539 Mr R J Clowes 167,335 1,053,135 Mr I R Griffiths 213,017 1,281,303 Mr N M Stein 172,209 1,078,250 The options are exercisable at a price of 253.5p per share during the period 5April 2008 to 4 April 2015. The options are exercisable to the extent thatcertain performance criteria are satisfied by the Company over the 3 yearperformance period, which commenced on 1 January 2005, and the satisfaction bythe Executive Director of a personal shareholding requirement.G. DenhamCompany Secretary6 April 2005ENDGKN PLCRelated Shares:
GKN PLC