5th Jan 2010 16:38
DIRECTOR SHAREHOLDING
On 4 January 2010 The Paragon Group of Companies PLC granted the following awards under the Paragon Performance Share Plan ("PPSP"):
Director Award granted Exercise period Total awards outstanding
N S Terrington 451,145 4/1/13 - 4/7/13 2,267,218
N Keen 337,786 4/1/13 - 4/7/13 1,698,123
J A Heron 240,458 4/1/13 - 4/7/13 1,199,011
On 5 January 2010 The Paragon Group of Companies PLC granted the following awards under the Paragon Matching Share Plan ("PMSP"):
Director Award granted Total awards outstanding
N S Terrington 43,249 59,004
N Keen 32,422 44,227
J A Heron 22,868 32,274
The awards under the PPSP and PMSP are subject to a performance condition comparing the rank of the Company's total shareholder return ("TSR") against a comparator group of companies comprising the constituents of the FTSE 250 on the date of grant over the three years commencing on the date of grant. 25% of awards will vest for median performance, increasing on a straight line basis to full vesting for upper quartile performance.
Awards under the PMSP are exercisable for six months from the date on which the Remuneration Committee determines the extent to which the performance conditions have been satisfied.
Enquiries:
John Gemmell, Company Secretary
0121 712 2075
Related Shares:
Paragon Group