12th Apr 2005 07:00
Chorion PLC12 April 2005 CHORION PLC ("Chorion" or the "Company") Award of Shares to Director's under Share Incentive Plan On 4 April 2005, an award of ordinary shares of 30p each in the capital of theCompany ("Ordinary Shares") was made to all eligible employees as part of theChorion Share Incentive Plan. This award was based on profits achieved during2004 and amounted to 4% of basic salary for each participant, subject to amaximum award of £3,000 based on a share price of 297p, being the mid-marketprice at the close of dealing on Friday 1st April 2005. No consideration waspaid for these Ordinary Shares. The following grant of shares was made to directors: Name Ordinary Shares Total number of Percentage of------ Granted Ordinary Shares Issued Ordinary ---------------- held Share Capital ------------------------ -------------------- Nicolas James 1,010 336,198 1.32% Jeremy Banks 1,010 46,658 0.18% The shares are held in trust for three years from the date of the award and aresubject to Inland Revenue approved rules. 12 April 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Corpus Resources PLC