18th May 2006 14:51
Date: 18 May 2006 SPECTRIS plc (the "Company") SHARE AWARDS TO DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") SPECTRIS PERFORMANCE SHARE PLANUnder the terms of the Spectris Performance Share Plan, nominal cost options (with the grantee being required to pay, on the vesting of the Award, the par value of any shares released to him) were granted on 18 May 2006 to certain directors and PDMRs of the Company in respect of the 3 year performance period 1 January 2006 to 31 December 2008. The maximum number of Spectris plc 5p Ordinary shares which each executive could potentially receive in respect of this performance period, is as follows: Number of Shares John O'Higgins 56,000 Stephen Harris 24,000 James Webster 24,500 Jeremy Morcom 18,500 Roger Stephens 16,000 There are two performance conditions applying to the Share Award. 50% of the Award will be subject to a performance condition based on the compound annual earnings per share (EPS) growth in excess of the Consumer Prices Index (CPI) measured over three financial years commencing with the financial year in whichthe Award is granted. The other 50% of the Award will be subject to a performance condition comparing the Company's total shareholder return against a comparator group comprised of the FTSE 250 (excluding Investment Trusts) overthree years from the date of grant. Shares vesting from the Award shall be retained by the directors and PDMRs until their total shareholding in Spectris exceeds once times salary in value. Name of contact and telephone number for queries:Robert MartinDeputy Company Secretary01784 470 470ENDSPECTRIS PLCRelated Shares:
Spectris