4 Jul 2008 12:23
4 July 2008
Accident Exchange Group Plc
('Accident Exchange' or the 'Company')
Director / PDMR Share Option and LTIP Grants and Awards
On 3 July 2008 the Company requested that the trustee of the Company's Long Term Incentive Plan ('LTIP') award LTIP options as soon as possible to certain of the Company's Executive Directors and Persons Discharging Managerial Responsibility ('PDMR') as detailed below.
The options will vest on the expiry of three years from the date of grant provided that the Company meets the relevant performance target in relation to each of the option grants. Options which vest may be exercised between three and ten years from the date of grant.
The table below sets out details of the number of underlying shares contained under each relevant grant or award. These transactions are notified as required by Disclosure Rule 3.1.4 (R)(1)(a).
| Name of Director/PDMR | Number of shares over which options have been granted | Total number of shares over which options are held following this notification |
| Martin Andrews | 628,272 | 1,006,084 |
| Martin Bramwell | 78,534 | 175,506 |
| Timothy Eaves | 78,534 | 171,132 |
| Steve Evans | 659,686 | 1,094,942 |
| Liz Fisher | 78,534 | 178,899 |
| Ray Ford | 78,534 | 78,534 |
| Gordon Grant | 78,534 | 93,417 |
| Alistair Horsburgh | 78,534 | 167,565 |
| Stephen Jones | 78,534 | 173,146 |
| Michael Killoury | 78,534 | 93,417 |
| Adrian Lewis | 78,534 | 93,417 |
| Vince Powell | 78,534 | 138,232 |
| Nicola Roy | 78,534 | 181,761 |
| Steve Salt | 78,534 | 93,417 |
| Roderick Seel | 78,534 | 175,506 |
| Simon Sheldon | 78,534 | 78,534 |
| Lee Woodley | 78,534 | 169,398 |
| David Whatley | 78,534 | 164,561 |
The exercise price of the options granted under each of the option awards set out in column 2 above is £1 in aggregate per award.
Contacts:
Accident Exchange Group Plc
Steve Evans, Chief Executive 08700 116 719
Martin Andrews, Group Finance Director 08700 053 649
Bankside
Steve Liebmann or Simon Bloomfield 020 7367-8888