15th Mar 2007 13:25
RPS Group PLC15 March 2007 15th March 2007 RPS Group Plc announces that the Remuneration Committee has granted thefollowing nil cost share awards under the RPS Group Plc Long-Term Incentive Plan("LTIP") to the Executive Directors. Awards were made on 14th March 2007 at a price of £2.9225 per ordinary share asfollows:- Executive LTIP Award as Share Price Face Value of Number of Shares Director %ge of Salary on Grant LTIP Awards subject to LTIP AwardsDr Alan 100% £2.9225 £365,000 124,893HearnePeter Dowen 80% £2.9225 £176,000 60,222Andrew 80% £2.9225 £156,000 53,378TroupPhil 80% £2.9225 £176,000 60,222WilliamsGary Young 80% £2.9225 £144,000 49,272 The shares subject to the LTIP awards will only be released to the ExecutiveDirectors in three years time subject to their continued employment and thesatisfaction of the earnings per share growth targets. 12.5% of shares will bereleased for eps growth of 3% per annum over RPI, with a full release onlyoccurring for eps growth per annum over RPI of 10% or above. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RPS.L