6th Apr 2010 16:37
Pinewood Shepperton plc
1 April 2010
Pinewood Shepperton plc (the "Company") Grant of Awards under the LTIP
Pinewood Shepperton plc announces that on 1 April 2010 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 1 April 2010 at a price of £1.51 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 the Date of Grant |
|
Ivan Dunleavy |
288,079 |
£434,999 |
|
Patrick Garner |
198,675 |
£299,999 |
|
Nick Smith |
168,874 |
£255,000 |
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 Matt Richardson (Company Secretary) on
01753 656 473.
Related Shares:
PWS.L