28th Apr 2008 10:00
Cape PLC28 April 2008 Cape PLC ("Cape" or the "Company") Directors' dealings - PSP awards 28 April 2008 Cape PLC (AIM:CIU) announces that on 25 April 2008 Martin May was awarded agrant of shares under the Cape plc 2007 Performance Share Plan ("the Plan") asdetailed below: Pursuant to the terms of the Plan, Martin May was awarded 190,122 shares at aprice of 228.8 pence per share (equal to 100% of current base salary) Vesting of these shares is subject to Cape Earnings Per Share (EPS) meeting thespecified performance criteria over a 3 year vesting period. The performancecriteria is EPS growth of RPI plus 3% for the minimum of 30% of the sharesawarded to vest and EPS growth of RPI plus 10% for all of the shares awarded tovest. The shareholding of Martin May in the Company following this acquisition, willbe as follows: Director Beneficial interest in Shares awarded to Director under the Plan (1) shares Martin May 430,000 190,122 (1) subject to vesting of the shares as outlined above ENDS For further information, please contact: Cape PLC Martin May, Chief Executive +44 (0)1924 876 276 Bell Pottinger Corporate & Financial Nick Lambert +44 (0)20 7861 3232 / +44 (0)7811 358 764 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CIU.L