6th Oct 2009 10:38
Date 6 October 2009
Southern Cross Healthcare Group PLC
Ordinary shares of 1p each
Southern Cross Healthcare Group PLC ('the Company') announces that on 5 October 2009 it granted an award in the UK for nil consideration over 130,000 shares (0.07% of issued share capital) under the Southern Cross Healthcare Group 2006 Performance Share Plan ("PSP") including the tax efficient Approved Section ("AS").
Pursuant to DR 3.1.4 and following notification received on 6 October in fulfilment of the obligations imposed by DR 3.1.2 we hereby announce that the award has been granted to Mr. Mark Cash.
|
PDMR |
Plan |
Current Award |
Total Number of Shares over which awards now held |
|
Mark Cash |
PSP AS1 |
130,000 23,622 |
130,000 23,622 |
The awards take the form of options, being an option under the performance share plan, with a nil exercise price, together with an option under the approved section at an exercise price of £1.27 per share, to acquire shares in the future, subject to the performance condition being achieved.
The performance condition relates to Adjusted EBITDA for the financial year ending on 2nd October 2011. Subject to the rules of the PSP including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the awards is 5 October 2012.
William D. McLeish
Company Secretary
01325 351100
1 At the time of vesting, to the extent that there is a gain on the option granted under the Approved Section, PSP options will be forfeited to the same value.
Related Shares:
-3x Short China