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31 Oct 2008 17:12
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ALBEMARLE & BOND HOLDINGS PLC
"the Company"
The Albemarle & Bond Holdings plc - Long Term Incentive Plan ("the LTIP")Β
The Company announces that the remuneration committee of the Company has confirmed that the performance targets and all other conditions, as set out in the LTIP Rules, adopted by the Company on 9 March 2006, have been satisfied and 100% of the Awards granted to four directors have vested unconditionally.
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The CompanyΒ furtherΒ announces thatΒ on 29 OctoberΒ 2008 it receivedΒ aΒ noticeΒ of exercise from MrΒ Charles Nicolson, aΒ directorΒ and the ChairmanΒ of the Company, relating to the exercise ofΒ 100% of theΒ LTIP awarded to him, being 60,833 shares of 4p each at the market priceΒ on the date of exerciseΒ of 184p per share.
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Following the above transaction,Β MrΒ Nicolson'sΒ beneficial interest in theΒ share capital of theΒ CompanyΒ isΒ 967,031Β Ordinary 4p shares, which is equivalent toΒ 1.76% of the Company's issued share capital.
The Company approved a transfer of shares fromΒ Albemarle & Bond Trustee LimitedΒ asΒ Trustee of the Albemarle & Bond Pawnbrokers Limited Employee Benefit Trust ("the EBT")Β in respect of the exercise ofΒ the LTIP Award. Following the above transactionΒ the EBT is interested inΒ 643,417Β Ordinary 4p sharesΒ representingΒ 1.17% of the Company's total issued share capital.
C L Nicolson, G V Nicholls, D A L Page and D P Pattinson are directors of Albemarle & Bond Trustee Limited.
Date:Β 31 OctoberΒ 2008
END
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