15th Feb 2006 16:15
Shaftesbury PLC15 February 2006 Shaftesbury PLC GRANT OF AWARDS UNDER LONG TERM INCENTIVE PLAN Shaftesbury PLC ("the Company") announces that it has today, 15 February 2006,made the following awards of nil cost options over the Company's Ordinary 25pshares to Executive Directors under the Company's Long Term Incentive Plan whichwas approved by Shareholders at the Company's Annual General Meeting held on 1February 2006. The awards were made pursuant to a recommendation made by theCompany's Remuneration Committee. The following awards have been made to executive Directors: Director Number of Ordinary 25p shares over which nil cost options granted J S Lane 66,150B Bickell 46,695S J Quayle 44,750T J C Welton 41,830 The shares will vest on the third anniversary of the date of grant subject tomeeting performance criteria set out in a Circular to Shareholders dated 7December 2005 and may be exercised in the 6 month period following vesting. Thethree year performance period for the options granted today commenced on 1October 2005. The performance period is in line with the Company's financialyear and usual grant timetable. Following the first grants under the new Plan,it is expected that the Company will in future revert to its usual timetable forthe grant of incentive awards which will follow the announcement of theCompany's annual results. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SHB.L