11th Jan 2010 16:25
11th January 2010
Enterprise Inns plc (the 'Company')
Notification of Director/PDMR Shareholding
On 8th January 2010 (the date of grant) the Company granted the following executive directors a Performance and Matching share award under the rules of the Enterprise Inns 2005 Long Term Incentive Plan (the 'Plan') for the financial year beginning 1st October 2009 over the following maximum number of ordinary shares of 2.5 pence ('shares') in the Company:
|
Name |
Performance Award |
Matching Award |
Investment Shares |
|
G E Tuppen |
558,951 |
294,474 |
147,237 |
|
D C George |
335,371 |
167,684 |
83,842 |
|
W S Townsend |
335,371 |
167,684 |
83,842 |
The Matching Awards were granted following the purchase and election by the executives on 18 December 2009 of the maximum number of Investment Shares permitted under the Plan. Matching Awards are subject to a maximum match of 2 Matching shares for every 1 Investment Share pledged under the Plan.
Performance and Matching share awards have been structured as nominal cost options and will normally vest and become exercisable over one-third of the shares held under the award on each of the third, fourth and fifth anniversary of the date of grant, subject to the satisfaction of a challenging performance condition. Performance and Matching share awards will normally remain capable of exercise during the six month period commencing on the date of vesting.
Total consideration of £1 is payable by each director on the exercise of their Performance Award and the Matching Award.
Name of contact and telephone number for queries:
J A Poole
Company Secretary
0121 256 3024
Related Shares:
EI Group