ABM.L Regulatory News (ABM)

9 Mar 2006 13:04

Albemarle & Bond Holdings PLC09 March 2006 Albemarle & Bond Holdings Plc Albemarle & Bond Holdings plc ("the Company") announces that on 9 March 2006 itmade a grant of awards over the Company's ordinary shares of 4 pence each underthe Albemarle & Bond Holdings Plc Long Term Incentive Plan ("LTIP") to theChairman and Executive Directors as detailed in the table below: No. of shares subject to award Name Role under the LTIP C L Nicolson Chairman 60,833 G V Nicholls Chief Executive 137,500 D A Page Operations Director 96,667 D P Pattinson Finance Director 93,750 Awards granted under the LTIP will vest on 30 June 2008 but only to the extentthat certain performance criteria relating to earnings per share growth aresatisfied by the Company over a three year performance period which commenced on 1 July 2005. No consideration is payable for the grant of the Awards and thereceipt of the whole or part of the number of ordinary shares is conditionalupon meeting the performance criteria. The notification of these awards and options is intended to satisfy theCompany's obligations under Section 324 Companies Act 1985. This information is provided by RNS The company news service from the London Stock Exchange