30th Sep 2008 16:49
DIRECTOR SHAREHOLDING
On 29 September 2008 The Paragon Group of Companies PLC granted the following awards under the Paragon Performance Share Plan ("PPSP"):
Director Award granted Exercise period Total awards outstanding
N S Terrington 844,051 29/09/11 - 29/03/12 1,017,811
N Keen 632,475 29/09/11 - 29/03/12 762,695
J A Heron 450,160 29/09/11 - 29/03/12 528,022
P Pandya 405,144 29/09/11 - 29/03/12 477,168
The awards will be subject to an absolute total shareholder return performance condition, whereby the increase in the net return index over the performance period, based on a share price that is equivalent on the grant date to 125 pence per share, must at least equal compound annual growth of 10%. 35% of the awards will vest for 10% compound annual growth over the performance period, increasing on a straight-line basis to full vesting for compound annual growth of 15%. The performance period is the three year period commencing on the date of grant.
Enquiries:
John Gemmell, Company Secretary
0121 712 2075
Related Shares:
Paragon Group