Last checked at 30 Jun 2009 18:25
Rule 10
RNS Announcement
Date 30th June 2009
Immediate Release
The Berkeley Group Holdings plc
On 29 June 2009, the Executive Directors set out below were granted Options under The Berkeley Group Holdings plc 2009 Long Term Incentive Plan (the "LTIP"), approved by shareholders at the Company's Extraordinary General Meeting ("EGM") on 15 April 2009, over the numbers of ordinary shares set out against their respective names with an exercise price of £3 per share under each Part A Option and an exercise price of £8.40 per share under each Part B Option.
As agreed by shareholders at the EGM, the Part A Options have been granted conditionally on the surrender of the Directors' Element 2 Awards granted under The Berkeley Group Holdings plc 2004(b) Long-Term Incentive Plan (see table below).
Part A Options
| Name | Number of Shares subject to Part A Option | Number of Shares subject to Surrendered Element 2 Awards |
| Tony Pidgley (Group Managing Director) | 2,842,848 | 2,842,848 |
| Rob Perrins (Group Finance Director) | 1,066,068 | 1,066,068 |
| Tony Carey (Divisional Executive Director) | 888,390 | 888,390 |
| Greg Fry (Divisional Executive Director) | 533,034 | 533,034 |
Part A Options cannot be exercised before 31 January 2014.
Part B Options
| Name | Number of Shares subject to Part B Option |
| Tony Pidgley (Group Managing Director) | 1,500,000 |
| Rob Perrins (Group Finance Director) | 750,000 |
| Tony Carey (Divisional Executive Director) | 500,000 |
| Greg Fry (Divisional Executive Director) | 500,000 |
Subject to the satisfaction of the exercise conditions, Part B Options become exercisable in two tranches:-
- 50% on 15 April 2015;
- 50% on 15 April 2016.
Following these grants of Options the Executive Directors have the following interests in the ordinary shares of The Berkeley Group Holdings plc:
| Name | Shares Owned | Shares Under Option | Total Interests |
| Tony Pidgley (Group Managing Director) | 4,500,918 | 8,607,120 | 13,108,038 |
| Tony Pidgley (Non-Beneficial) | 19,183 | - | 19,183 |
| Rob Perrins (Group Finance Director) | 804,876 | 3,415,170 | 4,220,046 |
| Tony Carey (Divisional Executive Director) | 1,139,771 | 2,720,975 | 3,860,746 |
| Greg Fry (Divisional Executive Director) | 681,436 | 1,832,585 | 2,514,021 |
Enquiries:
Cardew Group - 0207 930 0777 (Tim Robertson, Catherine Maitland)