2nd Sep 2011 09:00
Grant of awards under the Co-Investment Plan 2010
Chime Communications PLC ('the Company'), the leading marketing services group, announces the grant on 1 September 2011 of conditional awards under the Chime Communications PLC Co-Investment Plan 2010 ('the Plan') as approved by shareholders at the Annual General Meeting of the Company on 12 May 2010. The Plan has been designed by the Remuneration Committee to drive management behaviour and to increase alignment with shareholders' interests.
A grant of conditional awards has been made to each of the Executive Directors alongside a number of other senior executives of the Company. Participation in the Plan is contingent on each Director and senior executive committing to maintain a minimum investment in the Company's shares ('Deposited Shares') until the end of the performance period. The Executive Directors commit to retaining the following number of Deposited Shares, equivalent to 25% of the conditional award made under the Plan:
|
| No. of conditional award shares: | No. of Deposited Shares: |
Executive Chairman | Lord Bell | 382,436 | 95,609 |
Deputy Chairman | Piers Pottinger | 56,657 | 14,164 |
Chief Executive | Chris Satterthwaite | 283,286 | 70,821 |
COO & Finance Director | Mark Smith | 184,135 | 46,033 |
Each conditional award to the Executive Directors is subject to the achievement of the stretching performance conditions over a three year period consistent with those approved by shareholders at the Annual General Meeting on 6th April 2010.
For further details contact:
Lord Bell Chairman
| 020 7861 8515 |
James Henderson / Victoria Geoghegan Pelham Bell Pottinger | 020 7861 3232 |
Related Shares:
CHW.L