17th Nov 2010 13:52
Imperial Tobacco Group PLC (the "Company")
Directors and Persons Discharging Managerial Responsibility ("PDMRs") Interests
Imperial Tobacco Group Long Term Incentive Plan ("LTIP")
Roberto Funari joined the Company on 15 November 2010 as Group Marketing Director and, as a member of the Company's Operating Executive, is considered a PDMR.
He was today, 17 November 2010, granted conditional awards over ordinary shares of 10 pence each in the Company under the LTIP.
The conditional awards form part of Mr Funari's recruitment package and are designed to compensate him for the loss of rights under his former employer's equity incentive plans.
Number of Shares
| Date of Vest
| Performance Period | |
Award A | 36,363 | 8 March 2012 | to 11 March 2011
|
Award B | 45,030 | 12 March 2012 | From 1 October 2010 to 31 March 2012
|
Award C | 16,594 | 31 March 2013 | From 1 October 2010 to 31 March 2013
|
The awards will vest, free of charge and in proportion to the extent that the relevant performance criteria are achieved, on the dates shown above or, if later, the date on which the achievement of the relevant performance conditions become available. If the dates fall within a Close Period within the terms of the Model Code, they will vest on the first day that the Company emerges from such Close Period.
Further details relating to the operation of the LTIP can be found within the Annual Report and Accounts available on the Company's website.
T M Williams
Deputy Company Secretary
Copies of our announcements are available on our website: www.imperial-tobacco.com
Related Shares:
Imperial Brands