Avesoro Resources Regulatory News (ASO)

29 Jul 2005 07:00

Avesco PLC29 July 2005 Avesco plc (the "Company") Directors' Share Interests Avesco plc announces that on 28 July 2005 awards were made to senior executivesunder the Avesco plc 2004 Long Term Incentive Plan (the "Plan") in respect of atotal of 473,000 ordinary shares of 10p each ("shares"), representing 2.48% ofthe issued share capital, and including the following awards to executivedirectors: Director Number of shares Ian Martin 100,000John Christmas 40,000Nicholas Conn 10,000 No payment was made for the grant of the awards. The shares will vest and bereleased to award holders for nil cost. It is the Company's intention thatvested allocations will be satisfied by delivery through the Company's employeetrust. Subject to the rules of the Plan and the satisfaction of a performancecondition, under normal circumstances 50% of the award will vest on the date ofannouncement of the preliminary results of the Company in respect of the yearended 31 March 2008 and the remaining 50% of the Award shall vest on 31 March2009. The total number of shares, which are subject to awards made to the aboveDirectors under the Plan (including the above award), are as follows: Director Number of shares Ian Martin 160,000John Christmas 90,000Nicholas Conn 40,000 This information is provided by RNS The company news service from the London Stock Exchange