13th Dec 2007 14:45
Holidaybreak PLC13 December 2007 Holidaybreak plc Director/PDMR Shareholding Holidaybreak plc ("the Company") announces that on 13 December 2007, conditionalallocations of ordinary shares of 5p each in the Company were made under theterms of the Holidaybreak plc 2006 Long Term Incentive Plan ("LTIP") to theDirectors of the Company as follows: Director EPS TSR Margin Total number of shares shares shares shares in conditional allocation Carl Michel 16,815 7,206 14,412 38,433Robert Baddeley 11,382 4,878 9,756 26,016Nicholas Cust 10,347 4,435 8,869 23,651Martin Davies 12,125 5,197 10,394 27,716Mark Wray 10,347 4,435 8,869 23,651Simon Tobin 9,054 3,880 7,761 20,695Steven Whitfield 8,793 3,768 7,537 20,098 The percentage of the allocation of LTIP awards eventually to vest is dependenton the satisfaction of performance criteria over a three-year performance periodending 30 September 2010: 43.75% of the shares (EPS shares) will be subject to a performance conditionbased on the Company's growth in EPS relative to the growth in RPI over threefinancial years*. 18.75% of the shares (TSR shares) will be determined by the Company's TotalShareholder Return (TSR) performance relative to the other companies comprisingthe FTSE 250 (excluding investment companies)**. 37.5% of the shares (Margin shares) will be subject to a performance conditionbased on the Company's growth in gross margin relative to the growth in RPI overthree financial years***. The conditional allocations shown above represent the maximum potential awardpossible if all performance criteria are met at the end of the three-yearperformance period. If and to the extent that the performance criteria are metat the end of the three-year performance period, the relevant number of shareswill be transferred to executives. * The maximum allocation of EPS shares only vests if the Company's growth in EPSexceeds growth in RPI over the three-year period at or above 24%. No shares vestif the growth in EPS over RPI is below 9%. Between 24% and 9% shares vest on ascale from 100% to 30%. ** The maximum allocation of TSR shares only vests if the Company's TSR over theperformance period is ranked in the upper quartile in the comparator group. Noshares vest if the Company's TSR over the performance period is ranked belowmedian in the comparator group. Between upper quartile and median in thecomparator group, shares vest on a scale from 100% to 30%. *** The maximum allocation of Margin shares only vests if the Company's growthin gross margin exceeds growth in RPI over the three-year period at or above24%. No shares vest if the growth in gross margin over RPI is below 9%. Between24% and 9% shares vest on a scale from 100% to 30%. In addition, Carl Michel and Martin Davies were awarded a maximum potentialaward (if all performance criteria are met at the end of the three-yearperformance period) over 8,352 and 6,929 shares (Matching Shares) respectivelyby way of matching awards in relation to investments made by Carl Michel andMartin Davies under the Rules of the Plan. The maximum allocation of MatchingShares only vests if the Company's growth in EPS exceeds growth in RPI over thethree-year period at or above 24%. No shares vest if the growth in EPS over RPIis below 9%. Between 24% and 9% the Matching Shares vest on a scale from 100% to50%. Following the above allocations the directors have notified their interests inthe share capital of the Company in accordance with Disclosure Rule 3.1.2 (R)and section 324 of the Companies Act as follows: Director No. of No. of No. of shares in No. of shares in shares options conditional conditional matching allocations under allocations under 2006 2006 LTIP LTIP Carl Michel 15,000 1,623 107,622 16,084Robert Baddeley 33,661 76,556 63,826 nilNicholas Cust 8,367 84,239 57,800 nilMartin Davies 14,536 nil 27,716 6,929Mark Wray 6,696 111,154 57,800 nilSimon Tobin nil 73,188 51,998 nilSteven Whitfield 5,850 39,952 50,254 nil This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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