20th Dec 2007 16:38
Churchill China PLC20 December 2007 Churchill China plc (the "Company") Phantom Share Scheme In accordance with the rules of the Company's Phantom Share Scheme (the"Scheme"), the following Directors of the Company were granted awards under theScheme on 19 December 2007 at a base value of 300p. Name Award exercisable from 19 Dec 2010 Award exercisable from 19 Dec (shares) 2011 (shares)David Taylor 15,000 15,000David O'Connor 15,000 15,000Ralph Grundy 15,000 15,000Iain Hicks 15,000 15,000 The maximum gain under the awards has been capped at 250p per phantom share inthe case of options exercisable after 20 December 2010 and 400p per phantomshare in the case of options exercisable after 20 December 2011. Under the termsof the Scheme the options must be exercised by 18 December 2012. A further 140,000 such awards were made to other employees of the Group on thesame terms as above, amounting to a total grant of 260,000 phantom shares underthe Scheme. Further enquiries David Taylor, Finance Director (Churchill China plc) - 01782 524509 Andrew Emmott, Director (Brewin Dolphin Limited) - 0845 270 8611 Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Churchill China