14th Dec 2006 15:50
Holidaybreak PLC14 December 2006 14 December 2006 Holidaybreak plc Director/PDMR Shareholding Holidaybreak plc ("the Company") announces that on 14 December 2006, 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 in shares shares shares conditional allocation Carl Michel 13,471 5,773 11,546 30,790Robert Baddeley 8,419 3,608 7,217 19,244Nicholas Cust 8,920 3,823 7,646 20,388Mark Wray 8,920 3,823 7,646 20,388Simon Tobin 8,176 3,504 7,008 18,689Steven Whitfield 8,176 3,504 7,008 18,689 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 2009: 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 was awarded a maximum potential award (if allperformance criteria are met at the end of the three-year performance period)over 7,732 shares (Matching Shares) by way of a matching award in relation to aninvestment made by Carl Michel under the Rules of the Plan. The maximumallocation of Matching Shares only vests if the Company's growth in EPS exceedsgrowth in RPI over the three-year period at or above 24%. No shares vest if thegrowth in EPS over RPI is below 9%. Between 24% and 9% the Matching Shares veston a scale from 100% to 50%. 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 LTIP 2006 LTIP Carl Michel 10,000 nil 57,166 7,732Robert Baddeley 32,678 140,622 31,858 nilNicholas Cust 6,795 109,421 34,149 nilMark Wray 6,696 129,330 34,149 nilSimon Tobin nil 97,979 31,303 nilSteven Whitfield 5,850 52,809 30,156 nil This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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