1st Apr 2009 16:14
Awards to Senior Executives under the LTIP
1 April 2009
RPS Group Plc ("the Company")
RPS Group Plc announces that the Remuneration Committee has granted the following nil cost share awards under the RPS Group Plc Long-Term Incentive Plan ("LTIP") to the Executive Directors.
In accordance with the rules of the LTIP, Awards were made on 31 March 2009 and calculated at a price of £1.435 per ordinary share (the closing share price on the preceding dealing day) as follows:-
|
Executive Director
|
Face Value of Awards
|
Share Price
on Award
|
Number of
Shares subject
to LTIP Award
|
|
Peter Dowen
|
£136,800
|
£1.435
|
95,331
|
|
Alan Hearne
|
£395,000
|
£1.435
|
275,261
|
|
Andrew Troup
|
£120,000
|
£1.435
|
83,624
|
|
Phil Williams
|
£224,000
|
£1.435
|
156,098
|
|
Gary Young
|
£160,000
|
£1.435
|
111,498
|
The shares subject to the LTIP awards will only be released to the Executive Directors in three years time subject to their continued employment and the satisfaction of the earnings per share growth targets. 12.5% of shares will be released for eps growth of 3% per annum over RPl, with a full release only occurring for eps growth per annum over RPl of 10% or above.
END
Related Shares:
RPS.L