27th Apr 2007 11:39
Whitbread PLC27 April 2007 DATE: 27 April 2007 WHITBREAD PLC SENIOR EXECUTIVE SHARE AWARDS LONG TERM INCENTIVE PLAN Under the terms of the Long Term Incentive Plan of Whitbread PLC, conditionalawards at nil cost were made to certain senior executives of the Company inrespect of the 3-year performance period 1 March 2007 to 28 February 2010. Themaximum number of Whitbread PLC 76 122/153p Ordinary Shares, which eachexecutive could potentially receive in respect of this performance period is asfollows: Number of Shares Simon Barratt 16,494Patrick Dempsey 20,193John Derkach 10,605Alan Parker 47,127Mark Phillips 17,087Christopher Rogers 29,454Mike Tye 9,362 The exercise of half of each of the awards is subject to performance criteriabased on Whitbread's TSR performance relative to the other companies within acomparator group over the performance period and the exercise of the other halfof each award is subject to performance criteria based on Whitbread's EPS growthover the performance period. The awards were based on a share price of £16.712, being the average of themid-market closing price of the Company's shares for the five dealing dayspreceding 1 March 2007. WHITBREAD LEADERSHIP GROUP INCENTIVE SCHEME Under the terms of the Whitbread Leadership Group Incentive Scheme, thefollowing awards of shares were made to senior executives of the Company inrespect of the financial year of the Company ended 1 March 2007: Number of Shares Simon Barratt 13,195Patrick Dempsey 16,154John Derkach 8,484Alan Parker 37,701Mark Phillips 13,669Christopher Rogers 23,563Mike Tye 7,489 Notes * The numbers of shares have been calculated by dividing such part of theexecutive's bonus as the executive is entitled to receive in Ordinary Shares of76 122/153p each in the capital of Whitbread PLC by the average of themiddle-market closing price of the shares during the five dealing days preceding1 March 2007 (£16.712) * The awards made under the Whitbread Leadership Group Incentive Schemeare not subject to any performance conditions. The awards will vest in fullsubject to the executive remaining an employee of Whitbread until the thirdanniversary of the award date under the rules of the scheme. The awards willalso be released in full if the executive ceases to be employed by Whitbread byreason of redundancy, retirement, death, injury, ill health or disability or thetransfer of business or company in which the executive is employed outside ofthe Whitbread Group. If the executive ceases to be in employment for any otherreason, the proportion of the award which vests depends on the date of cessationof employment. Daren Lowry Assistant Company Secretary Tel: 01582 889346 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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