6th Jun 2014 14:46
CINEWORLD GROUP PLC (the "Company")
The Company has today received notifications pursuant to the requirements of paragraph 3.1.2R of the Disclosure and Transparency Rules of the Financial Conduct Authority in respect of the following events:
On 6th June 2014, the following awards ("Awards") over ordinary shares in the Company ("Shares") were made under the Cineworld Group 2007 Performance Share Plan (the "PSP") and the following option over Shares ("Option") were granted pursuant to the Cineworld Group Plc Company Share Option Plan ("CSOP") to Directors of the Company:
Name of Director | Number of Shares under the Award Granted pursuant to the PSP | Number of Shares under the Option Granted pursuant to the CSOP |
Mooky Greidinger (CEO) | 238,508 | - |
Philip Bowcock (CFO) | 162,083 | 2,891 |
Israel Greidinger (COO) | 162,619 | - |
No consideration was paid for the grant of an Award or Option.
The Awards granted pursuant to the PSP were structured as nil cost options to acquire Shares. The Option Price for the Option granted pursuant to the CSOP was 345.90 pence per Share. The London Stock Exchange mid market closing price of a Share on 5th June 2014 was 345.90 pence.
The vesting of an Award and the exercise of an Option is ordinarily subject to continued employment of the participant and the satisfaction of performance conditions over a three year performance period set by the Remuneration Committee of the Company.
The above announcement is made pursuant to the Company's obligations under DTR 3.1.4.R of the Disclosure and Transparency Rules of the Financial Conduct Authority.
Richard Ray
Company Secretary
Tel: 020 8987 5000
Related Shares:
CINE.L