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LTIP Awards

2 Dec 2010 17:58

RNS Number : 3062X
ABCAM Plc
02 December 2010
 



For immediate release

2 December 2010

ABCAM PLC

("Abcam" or "the Company")

Director/PDMR Dealings: LTIP

Cambridge, UK: Abcam plc (AIM: ABC), the rapidly growing bioscience company that markets antibodies via its own online catalogue, announces that on 2 December 2010 the Remuneration Committee granted the following conditional nil cost share awards at a price of 345 pence per ordinary share (the closing share price on 1 December 2010) to the Executive Directors and PDMRs of the Company under the Abcam plc Long-Term Incentive Plan (the "LTIP"):

Name

Number of Ordinary Shares subject to the

LTIP Award

Executive Directors:

Jonathan Milner

88,611

Jim Warwick

66,003

Jeff Iliffe

75,278

PDMRs:

Mark Bushfield

22,979

Jane Cooke

9,444

Philippe Cotrel

22,979

Ed Ralph

13,400

 

The shares subject to these 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:

·; the Company's Comparative Total Shareholder Return performance against a Comparator Group of companies; and

·; growth in Earnings per Share.

 

For further information please contact:

Abcam

+ 44 (0) 1223 696000

Jonathan Milner, Chief Executive Officer

Jeffrey Iliffe, Chief Financial Officer

Numis Securities

+ 44 (0) 20 7260 1000

Michael Meade / Nick Westlake - Nominated Adviser

James Black - Corporate Broking

Buchanan Communications

+ 44 (0) 20 7466 5000

Mark Court / Jessica Fontaine

 

 

Notes for editors:

About Abcam plc

Abcam is a producer and distributor of research-grade antibodies and related products, headquartered in Cambridge, United Kingdom, with US offices in Cambridge, Massachusetts, and San Francisco, California, and Far East offices in Tokyo and Hong Kong. Abcam was admitted to AIM in November 2005 and trades under the ticker symbol ABC. The Company produces and distributes its own and third-party products to academic and commercial users throughout the world. Product ordering is available through the Company's website www.abcam.com, where customers are also able to access up-to-date and detailed technical product data sheets. All products are sold under the Abcam brand name and the Company's vision is to build the world's largest online resource of high-quality and commercially viable antibodies. Abcam now has an online catalogue of over 68,000 products, most of which are antibodies, from over 250 suppliers and employs 270 staff.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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