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7 Nov 2008 08:00
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For immediate release |
7 November 2008 |
ABCAM PLC
("Abcam" or "the Company")
Long-Term Incentive Plan
Abcam plc announces that on 6 November 2008 the Remuneration Committee granted the following conditional nil cost share awards to the Executive Directors of the Company under the Abcam plc Long-Term Incentive Plan (the "LTIP") approved by shareholders at the Company's AGM on 3 November 2008.
In accordance with the rules of the LTIP, LTIP awards were granted on 6 November 2008 at a price of £4.62 per ordinary share (the closing share price on 5 November 2008) as follows:
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Number of Ordinary Shares subject to the LTIP Award |
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|
Jonathan Milner |
45,454 |
|
Jim Warwick |
37,878 |
|
Jeff Iliffe |
33,333 |
The shares subject to the LTIP awards will be released in three years' time subject to continued employment and subject to the satisfaction of certain specific performance conditions based on:
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the Company's Comparative Total Shareholder Return ("TSR") performance against a Comparator Group of companies; and |
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growth in Earnings per Share. |
For further information please contact:
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Abcam |
+ 44 (0) 1223 696000 |
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Jeff Iliffe, Chief Financial Officer |
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|
Numis Securities |
+ 44 (0) 207 260 1000 |
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Nominated Adviser: Nick Westlake, Michael Meade |
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Corporate Broking: James Black |
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Buchanan Communications |
+ 44 (0) 20 7466 5000 |
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Mark Court / Mary-Jane Johnson / Stasa Filiplic |
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