17th Apr 2008 11:55
Greggs PLC17 April 2008 Greggs plc (Company) announces that, on 17 April 2008, the following directorsof the Company purchased ordinary shares of 20p each in the capital of theCompany (Shares) and were granted nil cost options over Shares, all pursuant tothe Greggs plc Long Term Incentive Plan 2006 (Scheme). Richard Hutton 839 Shares purchased at £44.75 per ShareNil cost options granted over 2,846 Shares Raymond Reynolds 740 Shares purchased at £44.75 per ShareNil cost options granted over 2,510 Shares The performance target in relation to the nil cost options are a growth inEarnings per Share at +3% above RPI to entitle the option holder to 50% of thetotal number of options granted and growth in Earnings per Share at +10% aboveRPI to entitle the option holder to 100% of the total number of options granted.For Earnings per Share growth between +3% and +10% above RPI a pro rated scaleof between 50% and 100% will be applied. Following these purchases and grants, the relevant directors (and theirconnected persons) have the following interests in the share capital of theCompany (excluding options): Richard Hutton 2,333 (0.02%) 215,000 (2.04%) as trustee of Greggs Trust Raymond Reynolds 4,328 (0.04%) In addition, Richard Hutton and Raymond Reynolds also have a potentialbeneficial interest in the 340,254 (3.24%) Shares held by the Company's EmployeeBenefit Trust. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Greggs