8th Apr 2009 07:03
8 April 2009
THE EVOLUTION GROUP PLC
(the "Company")
Notification of Transactions of Directors
The Evolution Group Plc 2002 Executive Share Incentive Plan (the "Plan")
The Evolution Group PLC (the "Company") announces that an award of 175,179 ordinary shares in the capital of the Company ("ordinary shares") has today been made to Alex Snow and that an award of 103,810 ordinary shares has today been made to Andrew Umbers under the Plan. These awards relate to a partial deferral of 2008 remuneration designed to closer align the interests of the executive directors with those of shareholders.
The awards were granted for nil consideration. The exercise price is 1 pence per share. Subject to continued employment and achievement of certain qualitative performance criteria and the rules of the Plan call rights will be granted in April 2012 whereupon they will become immediately exercisable.
An award has also been made today to Andrew Westenberger, Group Finance Director of 150,000 ordinary shares under the Plan. The awards were granted for nil consideration. The exercise price is 1 pence per share. Subject to continued employment and the rules of the Plan call rights will be granted in April 2012 whereupon they will become immediately exercisable.
Following the above transactions, the directors hold the following awards under the Plan.
|
Name |
The Plan |
|
Alex Snow |
2,175,179 |
|
Andrew Umbers |
1,703,810 |
|
Andrew Westenberger |
150,000 |
This notification relates to disclosures made in accordance with Disclosure and Transparency Rule 3.1.4(R)(1)(a).
For more information please contact:
The Evolution Group Plc
Tony Lee, Company Secretary Tel: 0207 071 4300
Related Shares:
EVG.L