3rd Jan 2012 16:00
Enterprise Inns plc
Notification of Director/PDMR Shareholding
On 3rd January 2012 (the date of grant) the Company granted the following executive directors a Performance and Matching share award under the rules of the Enterprise Inns 2005 Long Term Incentive Plan (the 'Plan') for the financial year beginning 1st October 2011 over the following maximum number of ordinary shares of 2.5 pence ('shares') in the Company:
Name | Performance Award | Matching Award | Investment Shares |
G E Tuppen | 743,321 | 371,661 | 486,322 |
W S Townsend | 445,993 | 222,996 | 291,793 |
N R Smith | 406,504 | 203,252 | 265,957 |
The Matching Awards were granted following the election by the executives of the maximum number of Investment Shares permitted under the Plan.
Performance and Matching share awards have been structured as nominal cost options and will normally vest and become exercisable over one-third of the shares held under the award on each of the third, fourth and fifth anniversary of the date of grant, subject to the satisfaction of a challenging performance condition. Performance and Matching share awards will normally remain capable of exercise during the six month period commencing on the date of vesting.
Total consideration of £1 is payable by each director on the exercise of their Performance Award and Matching Award.
Name of contact and telephone number for queries:
J A Poole
Company Secretary
0121 256 3024
Related Shares:
EI Group