20th Apr 2006 07:01
B.P. Marsh & Partners PLC20 April 2006 Date: 20 April 2006 On behalf of: B.P. Marsh & Partners Plc For immediate release B.P. Marsh & Partners Plc Stock Appreciation Rights Plan Following a meeting of the Remuneration Committee of B. P. Marsh & Partners Plc(the "Company") on 19 April 2006, a number of initial Awards of Share Units havebeen made under the Company's Stock Appreciation Rights Plan (the "Plan"), asset out in the table below. The relevant Performance Period for the final vesting of Share Units shallcommence from the date of Admission and end ten dealing days after theannouncement of the Company's results for the financial year ending 31 January2009. The actual number of Share Units which will vest at the end of the PerformancePeriod will depend on a number of performance criteria. Whilst the maximumpossible number of Share Units cannot exceed 15% of the Company's issued sharecapital from time to time, the actual number of ordinary shares to be issued onthe basis of the Share Units vested cannot exceed 12.5% of the issued sharecapital at the end of the Performance Period, and will depend on the growth inthe Company's share price. Further details regarding the operation of the Plan were disclosed in theAdmission Document dated 2 February 2006. Executive Initial Award of Share Units % of total Share UnitsFrancis de Zulueta 1,098,230 25%Natasha Dunbar 878,584 20%Stephen Crowther 878,584 20%Jonathan Newman 878,584 20%Philip Mortlock 658,938 15%Total 4,392,921 100% For further information: B.P. Marsh & Partners Plc www.bpmarsh.co.ukBrian Marsh OBE +44 (0)20 7730 2626 Nabarro Wells & Co. LimitedDavid Nabarro +44 (0)20 7710 7400Marc Cramsie +44 (0)20 7710 7400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
B.p Marsh