27th Feb 2007 07:02
Numis Corporation PLC27 February 2007 EMBARGOED FOR RELEASE TUESDAY 27 FEBRUARY 2007 AT 7.00 AM Numis Corporation Plc ("Numis" or "the Company") Long Term Incentive Plan ("LTIP") The Board of Numis today announces that it has approved awards of 1,078,541(1.02%) Numis shares at a price of 287.75p per share under the Numis LTIP.Awards under the LTIP will be funded entirely by the allocation of 2,157,082(2.03%) Numis shares, held by the Numis Corporation Plc Employee Share Trust("the Trust"). The Trust currently holds 9,549,437 (8.99%) Numis sharesspecifically for the Company's LTIP. Under the terms of the LTIP, employees are invited to subscribe for Numis shareson the basis that for each new Numis share purchased, they will receive, at nofurther cost to them, one additional Numis share (each a "matching share"). The awards under the LTIP of 2,157,082 (2.03%) Numis shares therefore represents1,078,541 (1.02%) Numis shares purchased by employees and 1,078,541(1.02%)matching shares. Numis Equity Incentive Scheme for Employees of Numis Securities Inc The US Restricted Stock Plan ("USRSP") The Board of Numis also announces that it has approved awards under the recentlyintroduced US Restricted Stock Plan ("USRSP"), an equity share incentive schemefor US employees of Numis Securities Inc ("NSI"), (the terms of which aresimilar to those for the Numis UK Long Term Incentive Plan). Under the terms ofthe scheme, employees are invited to subscribe for Numis shares on the basisthat for each new Numis share purchased they will receive, at no further cost tothem, one additional Numis share. Under the Numis USRSP, Numis approved awards of 22,182 (0.02%) Numis shares at aprice of 287.75p per share. The awards represent 22,182 (0.02%) shares to bepurchased by the employees and 22,182 (0.02%) matching shares and will be fundedentirely by the allocation of 44,364 (0.04%) Numis shares, held by the Trust. The total number of shares awarded under both the UK LTIP and the US USRSPtotals 2,201,446 (2.07%), representing 1,100,723 (1.04%) shares to be purchasedby employees and 1,100,723 (1.04%) matching shares. Subject to certain limitedexceptions, employees must remain in employment with the Numis Group for aminimum period of 5 years to achieve the matching share benefit under eachscheme. The Numis shares referred to above are Numis' ordinary shares of 5p each and thetotal number of shares in issue is 106,252,148 with each ordinary share carryingthe right to vote. There are no shares held in treasury. Director's Interest Bill Trent, the Chief Financial Officer was awarded 34,752 (0.033%) Numis sharespursuant to the Company's LTIP at a price of 287.75p per share. Mr Trent's totalholding in the Company is 95,375 (0.090%) Numis ordinary shares of 5p each. 26 February 2007 End Contacts: Numis Corporation Plc: Oliver Hemsley, Chief Executive 020 7776 1500 Bill Trent, Chief Financial Officer Brunswick: Gill Ackers 020 7404 5959 Lucie-Anne Brailsford 020 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NUM.L