13th Mar 2013 11:25
13 March 2013
Assura Group Limited (the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
Assura has today awarded performance units in the Assura Group Value Creation Plan ("VCP") to the directors and person discharging managerial responsibility of the Company listed below.
The VCP was approved by Assura shareholders at the Company's Extraordinary General Meeting held on 15 February 2013 (the "EGM"). Full details of the VCP were set out in the Company's shareholder circular (incorporating the notice of the EGM) and prospectus published on 28 January 2013 (available on the Company's website, www.assuragroup.co.uk).
Name | Position | % share of performance units | Number of performance units |
Graham Roberts | Chief Executive | 40% | 400,000 |
Jonathan Murphy | Finance Director | 17.5% | 175,000 |
Andrew Darke | Managing Director - Property | 20.0% | 200,000 |
No payment has been made for the grant of these awards and the performance units have no value at grant.
Participants have the opportunity to receive 10% of the total value created for shareholders above a threshold price determined at three measurement dates in a five year measurement period. Before any awards vest, which are granted as nil-cost options on conversion of any value created, a minimum level of total shareholder return of 8% p.a. compound growth from the base price at each measurement date must be achieved.
-ENDS-
Enquiries
Assura Group Limited |
Tel: 01925 420660 |
Jonathan Murphy Carolyn Jones | |
Espirito Santo Investment Bank |
Tel: 0207 456 9191 |
Peter Tracey | |
Jamie Richards | |
Oriel Securities Mark Young |
Tel: 0207 710 7600 |
Roger Clarke | |
RLM Finsbury |
Tel: 0207 251 3801 |
Gordon Simpson |
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Assura