14th Sep 2012 07:00
14th September 2012
Lonrho Plc("Lonrho" or the "Company")
Grant of Awards
In accordance with DTR 3.1.2R, Lonrho announces that on 13th September 2012 the Company granted the following awards, structured as conditional rights to shares, over ordinary shares to those directors listed below under its Performance Share Plan (the "Scheme"), which was adopted at the Company's Annual General Meeting on 29th May 2012.
Name of Director | Number of shares over which option granted |
Geoffrey White | 6,411,228 |
David Armstrong | 4,079,872 |
The awards will ordinarily vest on 29th May 2015, and will ordinarily lapse on cessation of employment (save for in circumstances specified in the Scheme rules).
The release of these conditionally awarded shares to participants under the LTIP is dependent upon the Company's TSR performance relative to a comparator group of companies during the performance period.
The Scheme has been designed to align directors' interests with that of Lonrho's shareholders in the growth of shareholder value.
For further information please contact:
Lonrho Plc +44 (0) 20 7016 5105
Ambassador Cook
Kiran Morzaria
FTI Consulting +44 (0) 20 7831 3113
Edward Westropp
Georgina Bonham
Jefferies Hoare Govett +44 (0) 20 7029 8000
Sara Hale
Harry Nicholas
Simon Brown
www.lonrho.com
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Lonrho