9th Apr 2008 08:30
RPS Group PLC09 April 2008 8 April 2008 RPS Group Plc announces that the Remuneration Committee has granted thefollowing nil cost share awards under the RPS Group Plc Long-Term Incentive Plan("LTIP") to the Executive Directors. In accordance with the rules of the LTIP, Awards were made on 8 April 2008 andcalculated at a price of £3.10 per ordinary share (the closing share price onthe preceding dealing day) as follows:- Executive LTIP Award as Face Value of Share Price Number of SharesDirector % of Salary Awards on Award subject to LTIP AwardPeter Dowen 60.00% £136,800.00 £3.10 44,129Dr Alan Hearne 100.00% £395,000.00 £3.10 127,419Andrew Troup 60.00% £120,000.00 £3.10 38,709Phil Williams 80.00% £192,000.00 £3.10 61,935Gary Young 80.00% £160,000.00 £3.10 51,612 The shares subject to the LTIP awards will only be released to the ExecutiveDirectors in three years time subject to their continued employment and thesatisfaction of the earnings per share growth targets. 12.5% of shares will bereleased for eps growth of 3% per annum over RPI, with a full release onlyoccurring for eps growth per annum over RPI of 10% or above. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RPS.L