19th Sep 2012 16:58
Vectura Group plc ("the Company")
Directors awards under Long-term Incentive Plan
Chippenham, UK, 19 September 2012 Vectura Group plc (LSE: VEC): announces that following the approval of the 2012 Long-term Incentive Plan by shareholders at the AGM on 18 September 2012, options over the Company's ordinary shares, with a nominal value of 0.025p each, were yesterday granted to the Executive Directors and certain senior managers. The options awarded to the Executive Directors of the Company were as follows:
Executive Director | No of shares under option | Exercise Price | % of Issued Share Capital |
Chris Blackwell | 401,889 | 0.025 pence | 0.12% |
Anne Hyland Trevor Phillips | 267,926 410,659 | 0.025 pence 0.025 pence | 0.08% 0.12% |
This award was calculated using a share price of 81.5p, being the closing mid-market price on 18 September 2012. The options are exercisable three years after grant provided the performance conditions have been met.
Enquiries:
Vectura Group plc Anne Hyland Chief Financial Officer and Company Secretary
| 01249 667 612 |
Related Shares:
VEC.L