25th May 2007 14:52
Vectura Group PLC25 May 2007 Vectura Group plc Grant of New Share Options and Awards under Long-term Incentive Plan Chippenham, UK, 25 May 2007: As part of the annual grant of share options tothe Directors of Vectura Group plc, the following Executive Directors of VecturaGroup plc (LSE: VEC) were granted options over the Company's 0.025p ordinaryshares on 25 May 2007 as follows: Dr. Chris Blackwell, Chief Executive Option over 271,304 sharesAnne Hyland, Chief Financial Officer Option over 192,174 shares These options were granted for nil consideration and are exercisable from 25 May2008 at an exercise price of 86.25p, the closing price on 24 May 2007. Onethird of the options become exercisable one year after grant, a further thirdtwo years after grant, and the final third three years after grant. As part of the annual award to Executive Directors and Senior Executives of theVectura Group plc under the Company's Long-Term Incentive Plan, the ExecutiveDirectors of the Company were yesterday granted the award of shares as follows: Dr. Chris Blackwell, Chief Executive 347,826 0.025p ordinary sharesAnne Hyland, Chief Financial Officer 231,884 0.025p ordinary shares This award was calculated using a share price 86.25p, being the closing price on24 May 2007. A proportion of the share awards, based on the performance criteriaset out in the Rules of the Plan, will be due for release on 25 May 2010. Enquiries: Vectura Group plc 01249 667 612Anne HylandChief Financial Officer and Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
VEC.L