23rd May 2008 17:29
Vectura Group plc
Grant of New Share Options
and Awards under Long-term Incentive Plan
Chippenham, UK, 23 May 2008: As part of the annual grant of share options to the Directors of Vectura Group plc, the following Executive Directors of Vectura Group plc (LSE: VEC) were today granted options over the Company's 0.025p ordinary shares on 23 May 2008 as follows:
|
Dr. Chris Blackwell, Chief Executive
|
Option over 274,767 shares
|
|
Anne Hyland, Chief Financial Officer
|
Option over 181,309 shares
|
These options were granted for nil consideration and are exercisable from 23 May 2009 at an exercise price of 53.5p, the closing price on 22 May 2008. One third of the options become exercisable one year after grant, a further third two years after grant, and the final third three years after grant.
As part of the annual award to Executive Directors and Senior Executives of the Vectura Group plc under the Company's Long-Term Incentive Plan, the Executive Directors of the Company were today granted the award of shares as follows:
|
Dr. Chris Blackwell, Chief Executive |
594,392 0.025p ordinary shares |
|
Anne Hyland, Chief Financial Officer |
396,261 0.025p ordinary shares |
This award was calculated using a share price 53.5p, being the closing price on 22 May 2008. A proportion of the share awards, based on the performance criteria set out in the Rules of the Plan, will be due for release on 23 May 2011.
Enquiries:
|
Vectura Group plc Anne Hyland Chief Financial Officer and Company Secretary |
01249 667 612 |
Related Shares:
VEC.L