24th May 2006 17:25
Homeserve Plc24 May 2006 Grant of Executive Options It is announced that on 23 May 2006 options over ordinary shares of 12.5p eachwere granted as follows under the Homeserve plc 2001 Executive Share OptionPlan: Status Number of Option price shares over (being closing which option price on 22 May granted 2006) Andrew Belk Director 25,586 £14.07Ian Carlisle Director 31,983 £14.07Richard Harpin Director 38,380 £14.07Brian Whitty Director 42,644 £14.07Edward Fitzmaurice PDMR 23,987 £14.07Rachael Hughes PDMR 17,910 £14.07Jonathan King PDMR 24,947 £14.07Emma Thomas PDMR 11,230 £14.07Claire Tiney PDMR 12,864 £14.07 In accordance with the Plan Rules, the options will be exercisable for a sevenyear period from 23 May 2009 but it will only be possible to exercise them totheir full extent if annual average growth in earnings per share of RPI + 10% isachieved and if certain share price criteria are met during the period 23 April2009 to 31 August 2009. If the share price criteria are not met by 31 August2009, options will automatically lapse. In addition, directors will be required to build up a share holding in theCompany of one times salary for the Directors and 50% of salary for the PDMR. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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