4th Jan 2005 15:11
Shaftesbury PLC04 January 2005 Shaftesbury PLC Directors' Share Options Shaftesbury PLC ("the Company") announces today, 4 January 2005, that thefollowing Directors were granted options over 25p Ordinary shares on 22 December2004 at an exercise price of £3.40 per share: Options granted Total number of 22.12.2004 - shares over which number of option now held Ordinary shares Jonathan Stewart Lane 188,235 1,320,576Brian Bickell 132,355 818,616Simon John Quayle 111,765 714,140Thomas James Chisnell Welton 102,945 643,455 Options have been granted under the Company's 2001 Discretionary Share OptionScheme and, subject to vesting conditions described below, will be exercisablein the period 15 December 2007 - 14 December 2014. Vesting of options is dependant on the Company's net asset per shareperformance, ranked in comparison to a Peer Group selected by the RemunerationCommittee. For the options granted on 22 December 2004 performance is measuredover a three year performance period commencing on 1 October 2004. There is nofurther retesting in respect of these options. No options vest if performance is below median. Median performance will allow30% of options to vest; upper quartile performance allows 100% of options tovest. Between median and upper quartile performance, options will vest pro ratabetween 30% and 100%. Ends. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SHB.L