27th Sep 2005 16:42
Trifast PLC27 September 2005 Directors' Interest in Shares of the Company Trifast plc (the "Company") today announces the following changes in Directors'interests in Trifast ordinary shares of 5p each. On 21st September 2005, the Company granted the following conditional shareawards to its Executive Directors under the Trifast plc 2005 Long-Term IncentivePlan approved by shareholders at the Annual General Meeting on 20th September2005:- Director Number of SharesJim Barker 320,000Stuart Lawson 220,000Geoffrey Budd 220,000Steven Tan 220,000 The earliest normal vesting date on which shares may be released is 20thSeptember 2008. Awards will be released based upon the Company's Return On Capital Employedperformance measured over a three year period from the date of grant. No awardswill be capable of release unless the Company's Total Shareholder Return is atleast at the median of its comparator group over the same period. The conditionsand vesting arrangements were set out in more detail in the 2005 AGM notice andwill be included in the Directors' remuneration report for 2006. Mark BeltonCompany SecretaryTrifast Plc 27th September 2005 End This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Trifast