EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES
On 16th June 2011, directors of the Company were granted conditional share awards over ordinary shares of 10p each in the capital of the Company ('shares')under the T.Clarke plc Equity Incentive Plan ('the Plan').
Details of the directors and the number of conditional share awards granted to them under the Plan are as follows:
Number of conditional shares awarded
Conditional share awards will normally vest on 16th June 2014 being the third anniversary of the date of grant, subject to continued employment with the Company and satisfaction of the earnings per share performance condition as set out below.
Annual growth in EPS above RPI
Proportion of award vesting
Less than 3%
Between 3% and 10%
Between 25% and 100% on a straight line basis
No consideration was paid for the grant of the awards
Following the grant of the conditional share awards under the Plan these directors maintain the following beneficial interests in the issues share capital of the Company.
Beneficial interest in the shares of the Company
% of the issued share capital of the Company
Total number of conditional share awards held
For further information contact:
T. Clarke plc
Mark Lawrence, Chief Executive
Martin Walton, Finance Director
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