18th Jan 2006 14:10
ITE Group PLC18 January 2006 ITE GROUP PLC Notification of change in Directors' interests On 17 January 2006 ITE Group plc granted Contingent Awards and Options over theCompany's ordinary shares as follows: Contingent Awards over ordinary shares Contingent Awards were granted to Directors to acquire ordinary shares in theCompany free of charge under the terms of, and subject to the performance andother conditions set out in the ITE Group plc Employees Performance Share Plan2004 as set out below: Ian Tomkins 196,000 Russell Taylor 106,400 Edward Strachan 16,800 Contingent Option to acquire ordinary shares at 1p each A Contingent Option to acquire ordinary shares in the Company at an exerciseprice of 1p per share has been issued under the and terms of, and subject to theperformance and other conditions set out in the ITE Group plc Key Contractors'Performance Share Plan 2004 as set out below: Edward Strachan 149,800 In addition to the above awards to Directors, ITE Group plc has issued a further889,800 Contingent Awards to other staff to acquire ordinary shares in theCompany under the terms of, and subject to the performance and other conditionsas set out in the ITE Group plc Employees Performance Share Plan 2004. As set out in the annual report, the vesting of the Contingent Awards and theContingent Option are dependent on certain performance targets being met. Theperformance targets for these Awards and Options are based on aggregate dilutedearnings per share figures achieved over a three year period from 1 October2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HYVE.L