3rd Feb 2015 18:01
RNS Announcement
3 February 2015
For Immediate Release
TalkTalk Telecom Group PLC (the "Company")
Long Term Incentive Awards
Iain Torrens, Chief Financial Officer, has today been awarded:
(a) 1,000,000 participation shares in TalkTalk Group Limited, a subsidiary of the Company, pursuant to the Company's Shareholder Value Plan. Such shares have an aggregate par value of £1 and will not vest or have any realisable value unless performance conditions have been satisfied in accordance with the rules of the Plan and he has repaid full amount of the loan including interest that has been made to him in order to acquire such shares at market value; and
(b) 117,905 nil priced share options under the Company's Discretionary Share Option Plan which will not vest until 2 February 2018. These options are to replace share options that Iain surrendered in his previous employment prior to joining the Company and explains why he has been granted share options as well as an award under the Shareholder Value Plan which is in accordance with the Company's Remuneration Policy.
Further information:
Tim Morris 020 3441 0131
-Ends-
Related Shares:
TALK.L