19th May 2009 14:41
The Evolution Group Plc
Notification of Transactions of Directors
19 May 2009
THE EVOLUTION GROUP PLC
(the "Company")
Notification of Transactions of Directors
The Evolution Group Plc 2002 Executive Share Incentive Plan (the "Plan")
The Evolution Group PLC (the "Company") announces that, as detailed in the Notice of the 2009 Annual General Meeting ("AGM") of the Company held today, an award of 2,000,000 ordinary shares in the capital of the Company ("ordinary shares") has today been made to Alex Snow under the Plan as part of a carefully designed performance based incentive framework designed to further align the interests of directors with those of shareholders.
The awards were granted for nil consideration. The exercise price is 1 pence per share. Subject to certain conditions detailed below, call rights will be granted in May 2011 whereupon they will become immediately exercisable.
Performance conditions attaching to the awards include continued employment up to the date of grant of call rights and achievement of detailed qualitative and quantitative performance criteria set out in the Notice of AGM over two financial years.
Following the above transactions, the directors hold the following awards under the Plan.
Name The Plan
Alex Snow 2,175,179
This notification relates to disclosures made in accordance with Disclosure and Transparency Rule 3.1.4(R)(1)(a).
For more information please contact:
The Evolution Group Plc
Tony Lee, Company Secretary Tel: 0207 071 4300
Related Shares:
EVG.L