9th Jan 2007 17:28
Paragon Group Of Companies PLC09 January 2007 DIRECTOR SHAREHOLDING --------------------- On 9 January 2007 The Paragon Group of Companies PLC granted the followingawards under the Paragon Performance Share Plan ("PPSP"): Director Award granted Exercise period Total awards outstanding N S Terrington 18,509 09/01/10 - 09/07/10 240,419 N Keen 13,868 09/01/10 - 09/07/10 180,360 J A Heron 8,840 09/01/10 - 09/07/10 122,415 P Pandya 7,956 09/01/10 - 09/07/10 99,656 On 9 January 2007 The Paragon Group of Companies PLC granted the followingawards under the Paragon Matching Share Plan ("PMSP"): Director Award granted Total awards outstanding N S Terrington 25,116 57,202 N Keen 18,818 42,870 J A Heron 14,995 31,961 P Pandya 13,495 30,461 Under the terms of the PPSP and PMSP one half of each new award will be subjectto a total shareholder return ("TSR") performance condition and the other halfto an earnings per share ("EPS") performance condition. In respect of both ofthe conditions the Company's performance will be compared to that of a group ofcompanies drawn from the Banks and Speciality and Other Finance sectors. For theEPS measure, performance will be measured over the single three year periodcommencing 1 October 2006. For the TSR measure, performance will be measuredover the single three year period commencing 1 January 2007. For bothperformance measures 35% of the award will vest for median performance, risingto 100% for performance on or above the upper quartile. Awards under the PMSP are exercisable for six months from the date on which theRemuneration Committee determines the extent to which the performance conditionshave been satisfied. Enquiries: John Gemmell, Company Secretary0121 712 2075 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paragon Group