5th Jun 2007 15:28
Business Post Group PLC05 June 2007 BUSINESS POST GROUP PLC ("the Company") 5 June 2007 GRANTS OF LTIP and SMP AWARDS The Company announces that, on 4 June 2007, the awards were granted under theCompany's Long Term Incentive Plan ("LTIP") to certain employees, entitling themto acquire ordinary shares of 10p each in the Company ("Shares"), including tothose Directors and Persons Discharging Managerial Responsibilities ("PDMRs")summarised below: Number of LTIP Shares awardedGuy Buswell Director 66,955Steven Glew Director 47,516Alec Ross Director 38,877Steve Chatwin PDMR 15,389Carl Hutber PDMR 17,009Steve Patrick PDMR 22,678Terry Richards PDMR 17,009Jon Sweet PDMR 14,579David Williamson PDMR 21,598Charles Cochrane PDMR 10,799 The LTIP awards will normally vest and become exerciseable for a period of sevenyears from the third anniversary of the date of grant, subject to continuedemployment and the meeting of earnings per share growth and total shareholderreturn performance conditions. The Company further announces that, on 4 June 2007, awards were granted underthe Company's Share Matching Plan ("SMP") to the executive Directors, entitlingthem to acquire Shares, as detailed below: Number of SMS Shares awardedGuy Buswell 34,325Steven Glew 7,929Alec Ross 5,663 The SMP awards will normally vest and become exerciseable for a period of sixmonths from the third anniversary of the date of grant, subject to continuedemployment and the meeting of earnings per share growth conditions. No consideration was paid for the awards under either scheme, and no payment isdue on the vesting and exercise of the awards. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UKM.L