6th Jul 2007 12:02
Opsec Security Group PLC06 July 2007 OPSEC SECURITY GROUP PLC ("OpSec" or the "Company") DIRECTORS' SHAREHOLDINGS AND AWARDS UNDER LONG TERM INCENTIVE SCHEME OpSec Security Group plc announces today the sale of ordinary 5p shares ("shares") by two Directors. The following shares were sold to The OpSecSecurity Group Employee Trustee Company Limited ("the Trust") on 6 July 2007 ata price of 86.5p each: Director Number of shares New shareholding Percentage of the Company's Issued Share Capital following sale Mark Turnage 325,000 1,271,876 2.38%Mike Angus 275,000 248,922 0.47% The disposals above are principally to cover the taxation payable by theExecutive Directors on previous awards. Other members of the management team also sold 187,500 shares to the Trust. In addition to the above, the Trust transferred 5,000 shares to employees at aprice of 59 pence under the Company's share option plan. Following thistransaction and the purchases above, the resultant holding of the Trust is now2,646,992 shares (representing 4.96% of the Company's issued share capital). The Company also announces that on 6 July 2007 it made initial awards of 470,000shares under the Company's Long Term Incentive Scheme. The awards areconditional upon growth in the Company's reported earnings per share (adjustedfor the effects of intangible amortisation and exceptional items) being equal toor greater than the sum of the retail price index measure of inflation (RPI)plus 15 per cent over the three years ending 31 March 2010. As the Group'sjoint venture, 3dcd, contributed exceptional profits in 2007 contributions fromthe joint venture will be excluded for the purposes of this calculation.Directors Mark Turnage and Mike Angus have been granted initial awards of 91,000and 69,000 shares respectively. - ends - Enquiries: OpSec Security Group plc: 0191 417 5434Mike Angus, Finance Director:Mark Turnage, Chief Executive Oriel Securities Limited: 0207 710 7600Andrew Edwards Weber Shandwick Square Mile: 020 7067 0700Nick Oborne/Stephanie Badjonat This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
OSG.L