1st Jul 2008 13:36
Long Term Incentive Scheme Awards
Stagecoach Group plc ("the Company") confirms that two directors were granted awards under the Stagecoach Group plc 2005 Long Term Incentive Plan (the "2005 LTIP") on 30 June 2008. The transactions have been notified in accordance with Disclosure Rule 3.1.4R(1)(a).
The awards under the 2005 LTIP comprise conditional entitlements to a number of Incentive Units. The notional cash value of each incentive unit is equal to the market value of one Ordinary Share in the Company from time to time. The awards are made subject to performance conditions. It is anticipated that when the awards vest, they will be settled in cash although the 2005 LTIP permits the awards to be settled in shares.
The awards made were as follows:
|
Name of Director |
Date of Award |
Normal date of vesting |
Number of LTIP incentive units granted |
Total number of LTIP incentive units held following the award |
|
Brian Souter |
30 June 2008 |
30 June 2011 |
197,466 |
1,456,592 |
|
Martin Griffiths |
30 June 2008 |
30 June 2011 |
133,714 |
808,870 |
For further information, please contact:
Stagecoach Group plc www.stagecoachgroup.com
Ross Paterson, Company Secretary 01738 442111
Steven Stewart, Director of Corporate Communications 01738 442111
1 July 2008
Related Shares:
SGC.L