28th Apr 2005 10:57
AGA Foodservice Group PLC28 April 2005 AGA FOODSERVICE GROUP PLC - AWARDS UNDER THE LONG-TERM INCENTIVE PLAN ("LTIP") In accordance with the terms of the LTIP, the Company made awards on 27 April2005 to the directors set out below. There is a range in the number of shareseach director could be entitled to acquire in respect of the awards dependent ontwo performance criteria. Firstly on the Company's total shareholder return("TSR") compared with the TSR of companies in the engineering-general sub sectorof the FTSE All Share Index over a three year performance period. Secondlysubject to the Remuneration Committee being satisfied that there has been asustained improvement in the underlying financial performance of the Companyduring the performance period. There is a nominal £1 payable on exercise of anaward granted as an option and no charge in respect of an award granted as anallocation. The awards for the directors under the LTIP are as follows:- DIRECTOR MAXIMUM NUMBER OF ORDINARY SHARES DATE EXERCISABLE GRANT AWARDED AS W B McGrath 38,549 27 April 2008 Option S Rennie 27,521 27 April 2008 Option S M Smith 22,153 27 April 2008 Option J A George 17,799 27 April 2008 Allocation This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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