1st Jun 2012 16:15
1 June 2012
Panmure Gordon & Co. plc
DIRECTOR SHAREHOLDINGS
Panmure Gordon & Co. plc ("the Company") announces that, on 1 June 2012, Phillip Wale, Chief Executive Officer was granted a share award under the Company's Performance Share Plan over a total of 6,750,000 of the Company's ordinary shares.
An amount of up to one-third of the award will vest in each of 2015, 2016 and 2017 if the Panmure Gordon Group achieves the following pre-tax profit levels in the financial years ending 31 December 2013, 2014 and 2015:
| Financial year | Pre-tax profit | Number of shares to vest | |||
| 2013 | Less than £3m | 0 | |||
| 2013 | £3m - £4.5m | 750,000 | |||
| 2013 | £4.5m - £6m | 1,500,000 | |||
| 2013 | More than £6m | 2,250,000 | |||
| 2014 | Less than £4.5m | 0 | |||
| 2014 | £4.5m - £6m | 750,000 | |||
| 2014 | £6m - £7.5m | 1,500,000 | |||
| 2014 | More than £7.5m | 2,250,000 | |||
| 2015 | Less than £6m | 0 | |||
| 2015 | £6m - £7.5m | 750,000 | |||
| 2015 | £7.5m - £9m | 1,500,000 | |||
| 2015 | More than £9m | 2,250,000 |
Enquiries:
Sarah Wigley
Company Secretary 020 7459 3600
Gerry Beaney/Jen Hatter/Salmaan Khawaja
Grant Thornton Corporate Finance (Nominated Adviser) 020 7383 5100
Billy Clegg/Ed Gascoigne-Pees
FTI Consulting 020 7831 3113
Copyright Business Wire 2012
Related Shares:
PMR.L