1st May 2009 07:00
30 April 2009
Cape PLC ("Cape" or the "Company") (AIM: CIU)
Directors' dealings - PSP awards
PERFORMANCE SHARE PLAN AWARDS
The Company announces that on 30 April 2009 the following Executive Directors were granted nil-cost options under the Cape plc 2007 Performance Share Plan over the Company's ordinary shares of 25 pence each on 30 April 2009, as follows:
|
Director |
Number of shares covered by award and % of issued capital |
Total number of shares over which awards are held, and % of i ssued capital following this notification |
| Martin May | 703,835 (0.61%) | 1,493,957 (1.30%) |
| Richard Bingham | 357,593 (0.31%) | 488,712 (0.43%) |
Subject to certain performance conditions being met, the options will vest on a sliding scale basis on the third anniversary of the date of grant and may not be exercised later than the fifth anniversary of the date of grant. Such options which do not vest due to the performance conditions not being met will lapse.
Enquiries:
Cape PLC Jeremy Gorman, Company SecretaryTel: +44 (0)20 7395 0027
Numis Securities Limited Nominated Adviser: John Harrison, Managing Director Corporate Finance Corporate Broker: James Serjeant, Director Corporate Broking Tel. +44 (0)20 7260 1000
Merrill Lynch InternationalAndrew Tusa, Director Corporate Broking Europe Tel. +44 (0)20 7628 1000
M: Communications Patrick d'Ancona or Ben Simons Tel. +44 (0)20 7153 1530
Related Shares:
CIU.L