1st Apr 2008 13:01
Cookson Group PLC01 April 2008 1 April 2008 Directors' InterestsCookson Group plc In accordance with the rules of the Cookson Group Long-Term Incentive Plan (the"Plan") the executive Directors of Cookson Group plc have received their annualallocations of Performance Shares. In addition, Nick Salmon, Chief Executive,and Mike Butterworth, Group Finance Director, have both chosen to invest inCookson shares and as a result have received allocations of Matching Shares. Performance Shares were allocated to executive Directors on 31 March 2008, basedupon the mid-market closing price for shares in Cookson Group plc ("the Company") on 28 March 2008, of 643 pence. The allocations are as follows: Director Performance SharesN R Salmon 80,342M G Butterworth 48,755 In accordance with the rules of the Plan, the executive Directors are eligibleto invest all or part of their Annual Incentive payment in shares in the Companyin return for which they would be granted an award of shares ("Matching Shares"). In this regard Mr Salmon purchased 43,958 shares and Mr Butterworthpurchased 28,293 shares. Details of these purchases were announced on 12 March2008. As a result of these investments in Company shares, Messrs Salmon andButterworth were yesterday allocated 154,942 and 99,727 Matching Sharesrespectively. Awards of Performance and Matching Shares under the Plan will normally vest onor shortly after the third anniversary of the award date. The proportion of anaward that vests will be subject to the attainment of certain performanceconditions relating to the performance of the Company over the three financialyears to which the award relates, as detailed in the Annual Report. As a result of the above, the revised interests of the executive Directors inthe shares of the Company are as follows:- Director Total Existing Performance Existing Matching 2008 allocation 2008 allocation Total Allocation Shares allocated Shares allocated of Performance of Matching Allocation of of Matching under the Long-Term under the Shares under the Shares under the Performance Shares Incentive Plan Long-Term Long-Term Long-Term Shares Incentive Plan Incentive Plan Incentive Plan N R Salmon 281,883 352,987 80,342 154,942 362,225* 507,929*M G Butterworth 132,925 107,812 48,755 99,727 181,680* 207,539* Note: * The performance period for the Plan awards made in 2005 ended on 31 December2007. The Company achieved the requisite performance during this period and asa result these awards will vest in full on the third anniversary of the awarddate. 116,603 Performance Shares and 57,964 Matching Shares are thereforeexpected to vest to Mr Salmon on 4 April 2008, and 40,636 Performance Shares toMr Butterworth on 2 August 2008. Director Current ShareholdingsN R Salmon 137,735M G Butterworth 65,015 Cookson Group plc165 Fleet StreetLondon EC4A 2AETel: +44 (0) 20 7822 0000Fax: +44 (0) 20 7822 0100Web: www.cooksongroup.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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