3rd Mar 2016 16:45
REGUS PLC
Announcement to the London Stock Exchange
Notification of Share Awards
This notification is made in accordance with DTR 3.1.4(1)(a).
On 3 March 2016, awards over ordinary shares of 1p each in Regus plc (the "Company") were conditionally granted to two executive directors under the Regus Performance Share Plan 2016 (the “Plan”) as set out below. The grant of the awards is conditional upon the Plan receiving shareholder approval at the Company’s 2016 AGM.
| Name of executive director | Number of shares under award | ||
| Mark Dixon | 552,579 | ||
| Dominik de Daniel | 485,600 |
No consideration was paid for the conditional grant of the awards which are structured as nominal cost options.
The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on the fifth anniversary of the conditional grant of the awards, and will then normally remain exercisable until the day before the tenth anniversary of the date of conditional grant provided the individual remains an employee or officer of the group.
The Company was informed of the above transactions on 3 March 2016.
For and on behalf of Regus plc
Date: 3 March 2016
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