31st Mar 2010 17:30
ALBEMARLE & BOND HOLDINGS PLC
"the Company"
Long Term Incentive Plan
Albemarle & Bond Holdings plc ("the Company") announces that on 29 March 2010, it made a grant of awards over the Company's Ordinary shares of 4 pence each under the Albemarle & Bond Holdings Plc Long Term Incentive Plan ("LTIP") to the person detailed in the table below:
|
Name |
Role |
No. of Ordinary shares subject to award under the LTIP |
|
L K Moran |
Chief Financial Officer |
59,161 |
The award granted under the LTIP will vest on 30 June 2012 but only to the extent that certain performance criteria relating to earnings per share growth are satisfied by the Company over two and a half years of a three year performance period which commenced on 1 July 2009 as a result of Mr Moran having joined the Company in December 2009. No consideration is payable for the grant of the Awards and the receipt of the whole or part of the number of Ordinary shares is conditional upon meeting the performance criteria.
The notification of these awards is intended to satisfy the Company's obligations under the Disclosure and Transparency Rules.
|
Albemarle & Bond |
0118 955 8100 |
|
Barry Stevenson, CEO |
|
|
|
|
|
Smith & Williamson Corporate Finance Limited |
0117 376 2213 |
|
Nick Reeve |
|
END
31 March 2010
Related Shares:
ABM.L