22nd Mar 2006 16:57
Paragon Group Of Companies PLC22 March 2006 22 March 2006 DIRECTOR SHAREHOLDING On 22 March 2006 The Paragon Group of Companies PLC granted the following awardsunder the Paragon Matching Share Plan ("PMSP"); Director Award granted Total awards outstanding N S Terrington 32,086 32,086 N Keen 24,052 24,052 J A Heron 16,966 16,966 P Pandya 16,966 16,966 Under the terms of the PMSP one half of each new award will be subject to atotal shareholder return ("TSR") performance condition and the other half to anearnings per share ("EPS") performance condition. In respect of both of theconditions the Company's performance will be compared to that of a group ofcompanies drawn from the Banks and Speciality and Other Finance sectors. For theEPS measure, performance will be measured over the single three year periodcommencing 1 October 2005. For the TSR measure, performance will be measuredover the single three year period commencing 1 January 2006. For bothperformance measures 35% of the award will vest for median performance, risingto 100% for performance on or above the upper quartile. Awards are exercisable for six months from the date on which the RemunerationCommittee determines the extent to which the performance conditions have beensatisfied. Enquiries: John Gemmell, Company Secretary 0121 712 2075 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paragon Group