31st Oct 2008 17:12
ALBEMARLE & BOND HOLDINGS PLC
"the Company"
The Albemarle & Bond Holdings plc - Long Term Incentive Plan ("the LTIP")
The Company announces that the remuneration committee of the Company has confirmed that the performance targets and all other conditions, as set out in the LTIP Rules, adopted by the Company on 9 March 2006, have been satisfied and 100% of the Awards granted to four directors have vested unconditionally.
The Company further announces that on 29 October 2008 it received a notice of exercise from Mr Charles Nicolson, a director and the Chairman of the Company, relating to the exercise of 100% of the LTIP awarded to him, being 60,833 shares of 4p each at the market price on the date of exercise of 184p per share.
Following the above transaction, Mr Nicolson's beneficial interest in the share capital of the Company is 967,031 Ordinary 4p shares, which is equivalent to 1.76% of the Company's issued share capital.
The Company approved a transfer of shares from Albemarle & Bond Trustee Limited as Trustee of the Albemarle & Bond Pawnbrokers Limited Employee Benefit Trust ("the EBT") in respect of the exercise of the LTIP Award. Following the above transaction the EBT is interested in 643,417 Ordinary 4p shares representing 1.17% of the Company's total issued share capital.
C L Nicolson, G V Nicholls, D A L Page and D P Pattinson are directors of Albemarle & Bond Trustee Limited.
Date: 31 October 2008
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Related Shares:
ABM.L