9th Nov 2006 15:22
Weatherly International PLC09 November 2006 Weatherly International plc (the "Company") Grant of Awards under the New LTIP The Company announces that the Remuneration Committee has granted the followingconditional nil cost share awards to the Executive Directors under the WeatherlyInternational plc Long-Term Incentive Plan (the "LTIP") approved byshareholders. In accordance with the rules of the LTIP, the awards were granted on 7thNovember 2006 at a price of £0.20 per ordinary share (the closing share price onthe preceding dealing day - 6th November 2006) as follows: Executive Director Number of Ordinary Shares subject to the Award Wolf Martinick 410,000 Rod Webster 820,000 The shares subject to the LTIP awards will only be released to the ExecutiveDirectors in three years time subject to their continued employment and thesatisfaction of the following performance conditions. 100% of the award is subject to the Company's total shareholder returnperformance over the three year period compared to the AIM Quoted Companies inthe FTSE General Mining Sub Sector. 25% of the shares subject to the award willbe released for median comparative performance with full release of the award atupper quartile comparative performance. For further information contact: Weatherly International plcJohn Norris +44 (0) 20 7917 2989 Libertas Capital Corporate FinanceStephen Pickup +44 (0) 20 7569 9650 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Weatherly International Plc