14th May 2007 16:51
Pinewood Shepperton plc14 May 2007 Pinewood Shepperton plc Pinewood Shepperton plc (the "Company") Grant of Awards under the LTIP Pinewood Shepperton plc announces that on 11 May 2007 the Remuneration Committee has granted the following conditional nil cost share awards to the Executive Directors under the Pinewood Shepperton plc 2006 Long-Term Incentive Plan (the "LTIP"). In accordance with the rules of the LTIP, two awards were granted for everyshare purchased by the Executive Directors during the 30 business days from 30th March 2007. Awards were granted as follows: Executive Director Number of Ordinary Shares subject to LTIP Award Ivan Dunleavy 40,000Patrick Garner 73,500Nicholas Smith 6,232 The shares subject to the LTIP awards will only be released to ExecutiveDirectors in three years time subject to their continued employment and the satisfaction of performance conditions based 50% on total shareholder return and 50% on annual ROCE performance, both over a three year period. Further detail of the performance conditions is contained in the notice of EGMon the Investor Relations section of the Company's website atwww.pinewoodgroup.com. This grant of awards is in addition to previous grants made under the LTIP on30th March 2007. For further information, please contact Nigel Wolfin (Company Secretary) on01753 656 183. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PWS.L