28th Nov 2013 12:14
Al Noor Hospitals Group plc
Announcement to the London Stock Exchange
This notification is made in accordance with DTR 3.1.4(1).
Awards over ordinary shares in Al Noor Hospitals Group plc (the "Company") were made to the following directors and persons discharging managerial responsibilities ("PDMRs") under the Al Noor Hospitals Group plc Long Term Incentive Plan 2013:
Name of Director/PDMR | Number of Shares held under Award |
Pramod Balakrishnan | 85,030
|
Dr. Jeffrey Staples | 85,030
|
Dr. Peter Hill | 85,030
|
Dr. Sami Alom | 85,030
|
These awards were agreed as part of the remuneration arrangements put into place at the time the Company's shares were listed on the London Stock Exchange. The terms of the awards (including the value of shares subject to the awards, the vesting dates and performance conditions) were disclosed in the Company's listing documentation.
The deemed date of grant of the Awards is 26 June 2013 and were executed on 26 November 2013.
No consideration was paid for the grant of the Awards, which are structured as conditional awards.
The Awards will vest in two equal tranches: one tranche is subject to the satisfaction of a performance condition set by the Remuneration Committee of the Company, measured over a performance period of three financial years ending on 31 December 2015; the second tranche will normally vest on 31 December 2016 provided the participant remains employed by the Al Noor Hospitals group on that date.
Enquiries:
Victoria Dalby
Company Secretary
0207 954 9527
Related Shares:
MDC.L