10th Mar 2011 07:00
FOR IMMEDIATE RELEASE
Pinewood Shepperton plc
10 March 2011
Pinewood Shepperton plc (the "Company") Grant of Awards under the LTIP
Pinewood Shepperton plc announces that on 9 March 2011 the Company granted the following conditional 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, awards were granted on 9 March 2011 at a price of £1.53 per ordinary share (the closing share price on the preceding dealing day) as set out in the table below:
Name | Number of Ordinary Shares subject to LTIP Award | Value of Shares at Date of Grant |
Ivan Dunleavy | 199,346 | £304,999 |
Patrick Garner | 134,640 | £205,999 |
Nick Smith | 130,718 | £199,999 |
In addition the Company also granted LTIP awards tocertain members of senior management, being Persons Discharging Managerial Responsibility ("PDMRs") as set out in the table below:
Name | Number of Ordinary Shares subject to LTIP Award | Value of Shares at Date of Grant |
Andrew Smith | 30,000 | £43,989 |
Chris Naisby | 30,000 | £43,989 |
The shares subject to the LTIP awards will be released to participants in three years' time subject to their continued employment and the satisfaction of the following performance conditions:
50% of the award is subject to the Company's total shareholder return performance over the three-year period compared to the constituents of the FTSE Small Cap Index.
50% of the award is subject to the Company's average annual ROCE performance over the three-year period.
For further information, please contact Andrew Smith (Company Secretary) on
01753 656 732.
Related Shares:
PWS.L