7th Aug 2007 15:23
St. James's Place PLC07 August 2007 St. James's Place plc ("SJP") SJP was notified on 7 August 2007 of the following changes in interests inordinary shares of 15p in SJP held by the executive Director named below. On 7 August 2007, David Bellamy was granted a nil cost option over 40276 SJPshares, under the terms of the SJP 2005 Performance Share Plan. The award wasapproved by the Remuneration Committee of SJP in light of David Bellamy's recentappointment as CEO of St. James's Place plc. The award entitles the participant to acquire up to 40276 SJP shares. Theactual amount of SJP shares which may be acquired on vesting of an award isdependent on the achievement of prescribed performance targets over a three yearperformance period which commenced on 1 January 2007 and ends on 31 December2009. Two thirds of an award will be dependent on growth in adjusted earningsper share and one third on total shareholder return. Further details of theperformance conditions are set out in the SJP Report & Accounts. With the exception of the changes notified in this announcement, the Directors'interests in ordinary shares of the Company are unchanged. This notification is made in fulfilment of obligations under DTR 3.1.4(R). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
St James's Place