20th Apr 2009 07:00
|
For immediate release |
20 April 2009 |
White Young Green plc
Awards under the Long Term Incentive Plan
White Young Green plc ("the Company") announces that awards were made on 17 April 2009 to two executive directors under the Long Term Incentive Plan ("the Plan"). Awards under the Plan take the form of an opportunity to receive shares in the Company ("2009 Awards").
The performance condition under the 2009 Awards is based on the Company reaching a share price target over a three year period from 17 April 2009 to 16 April 2012 ("Performance Period").
Target performance means that the Company's share price at the end of the Performance Period should be equal to or greater than 60p. The price at the end of the Performance Period will be measured by reference to the average share price over the period 16 March 2012 to 16 April 2012.
Awards have been made to directors which, if vested, would lead to those directors becoming entitled to a maximum of 900,000 shares as follows:
Paul Hamer, Chief Executive Officer: 500,000 ordinary shares
David Wilton, Group Finance Director: 400,000 ordinary shares
The beneficial, family and contingent interests of the directors in the share capital of the Company are now as follows:
|
|
Beneficial
shares
|
LTIP
|
Total
Shares
|
Total shares as % of Issued capital
|
|
Paul Hamer
|
63,000
|
500,000
|
563,000
|
1.08
|
|
David Wilton
|
75,000
|
400,000
|
475,000
|
0.91
|
For more information please contact:
|
White Young Green plc |
Tel: 0113 278 7111 |
|
Paul Hamer, Chief Executive Officer |
|
|
Susan Black, Group Communications |
|
|
Buchanan Communications |
Tel: 0207 466 5000 |
|
Tim Anderson, Rebecca Skye Dietrich |
Related Shares:
WYG