22nd Feb 2008 07:00
Numis Corporation PLC22 February 2008 EMBARGOED FOR RELEASE FRIDAY 22 FEBRUARY 2008 AT 7.00 AM Numis Corporation Plc ("Numis" or "the Company") 1.Numis Corporation Plc Revised Long Term Incentive Plan (2008) ("LTIP") The Board of Numis today announces that it has approved awards of 1,090,942(1.02%) Numis shares at a price of 232p per share under the Numis LTIP. Awardsunder the LTIP will be funded entirely by the allocation of 2,181,884 (2.03%)Numis shares, held by the Numis Corporation Plc Employee Benefit Trust No.2("EBT No.2"). EBT No.2 currently holds 5,161,078 (4.80%) Numis sharesspecifically for the Company's incentive award schemes. Under the terms of the LTIP, employees are invited to subscribe for Numis shareson the basis that for each Numis share purchased, they will receive, at nofurther cost to them, one additional Numis share (each a "matching share"). The awards under the LTIP of 2,181,884 (2.03%) Numis shares therefore consistsof 1,090,942 (1.02%) Numis shares purchased by employees and 1,090,942 (1.02%)matching shares. 2. The Restricted Stock Unit Plan (2008) ("RSUP") The Board of Numis also announces that it has approved awards under the recentlyintroduced RSUP, an equity share incentive scheme for UK employees of Numis. TheRSUP is a discretionary plan pursuant to which conditional rights to acquireNumis shares ("Awards") may be granted to employees. The Awards will vest inthree equal tranches on the first, second and third anniversaries of the date ofthe agreement relating to the Awards, provided the employee remains employed bya Group company. On vesting of the Awards, it is expected that the Shares willbe delivered to employees by EBT No.2. The Board of Numis announce that it has approved awards made under the RSUP of869,147 (0.81%) Numis shares. The total number of shares awarded under the LTIP and RSUP totals 3,051,031(2.84%), representing 1,090,942 (1.02%) shares to be purchased by employees,1,090,942 (1.02%), matching shares awarded under the LTIP and 869,147 (0.81%)shares awarded under the RSUP. Subject to certain limited exceptions, employeesmust remain in employment with the Numis Group for a minimum period of 5 yearsto achieve the matching share benefit under the LTIP scheme. Under the RSUP,awards will vest in three equal tranches on the first, second and thirdanniversary of the date of the agreement relating to the Award, provided theemployee remains employed by the Group. Director's Interest Bill Trent, the Chief Financial Officer was awarded 43,103 (0.04%) Numis sharespursuant to the Company's RSUP at a price of 232p per share. Mr Trent's totalholding in the Company is 141,198 (0.13%) Numis ordinary shares of 5p each. The Numis shares referred to above are Numis' ordinary shares of 5p each and thetotal number of shares in issue is 107,367,344 with each ordinary share carryingthe right to vote. There are no shares held in treasury 22 February 2008 END Contacts Numis Corporation: Oliver Hemsley, Chief Executive 020 7260 1256Bill Trent, Chief Financial Officer 020 7260 1333 Brunswick: Gill Ackers 020 7936 5382 Carole Cable 020 7396 7458 PricewaterhouseCoopers LLP (Nominated Adviser): Simon Boadle 020 7583 5000 Jon Raggett 020 7583 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NUM.L