20th May 2005 12:24
RPS Group PLC20 May 2005 20th May 2005 RPS Group Plc announces that the Remuneration Committee has granted thefollowing nil cost share awards under the RPS Group Plc Long-Term Incentive Plan("LTIP") to the Executive Directors. Awards were made on 18th May 2005 at a price of £1.39 per share as follows: Executive LTIP award as Share price Face value of Number of sharesDirector percentage of on grant LTIP awards subject to LTIP salary awards Dr Alan Hearne 80% £1.39 £248,000 178,417Peter Dowen 60% £1.39 £120,000 86,331Andrew Troup 60% £1.39 £105,000 75,540Gary Young 60% £1.39 £93,000 66,906 The shares subject to the LTIP awards will only be released to the ExecutiveDirectors in three years time subject to their continued employment and thesatisfaction of the earnings per share growth targets. 12.5% of shares will bereleased for eps growth of 3% per annum over RPI, with a full release onlyoccurring for eps growth per annum over RPI of 10% or above. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RPS.L