28th Apr 2006 14:38
Whitbread PLC28 April 2006 DATE: 28 April 2006 WHITBREAD PLC SENIOR EXECUTIVE SHARE AWARDS LONG TERM INCENTIVE PLAN Under the terms of the long-term incentive plan of Whitbread PLC, conditionalawards at nil cost were made to certain senior executives of the Company inrespect of the 3 year performance period 1 March 2006 to 28 February 2009. Themaximum number of Whitbread PLC 58 1/8 p Ordinary shares which eachexecutive could potentially receive in respect of this performance period, is asfollows:- Number of Shares Patrick Dempsey 13,172 Mark Phillips 13,167 Christopher Rogers 34,835 Desmond Taljaard 28,843 Mike Tye 20,308 The exercise of the awards is subject to performance criteria based onWhitbread's TSR performance relative to the other companies within a comparatorgroup over the performance period. WHITBREAD LEADERSHIP GROUP INCENTIVE SCHEME Under the terms of Whitbread Leadership Group Incentive Scheme, the followingawards of shares were made to senior executives of the Company in respect of thefinancial year of the Company ended 2 March 2006:- Number of shares Patrick Dempsey 10,538Mike Tye 16,247 Notes • The numbers of shares have been calculated by dividing such part of theexecutive's bonus as the executive is entitled to receive in Ordinary shares of58 1/8 p in the capital of Whitbread PLC by the average of the middle-marketclosing price of the shares during the 5 days preceding 1 March 2006 (£10.765). • The awards are not subject to any performance conditions. The awardswill vest in full subject to the executive remaining an employee of Whitbreaduntil the third anniversary of award date under the rules of the scheme. Theawards will also be released in full if the executive ceases to be employed byWhitbread by reason of redundancy, retirement, death, injury, ill health ordisability or the transfer of a business or company in which the executive isemployed outside the Whitbread Group. If the executive ceases to be inemployment for any other reason, the proportion of award which vests dependsupon the date of cessation of employment. Russell Fairhurst Deputy Company Secretary Tel. No. 01582 396552 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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