BLVN.L Regulatory News (BLVN)

17 Dec 2007 12:35

BowLeven Plc17 December 2007 BowLeven plc 17 December 2007 Grant of Awards to directors pursuant to the BowLeven Long Term Incentive Plan On 13 December 2007 the Board of BowLeven plc ("the Company") granted Awardsunder the BowLeven Long Term Incentive Plan ("LTIP") to the following directors:- director No of shares included in Award Kevin Hart 110,000John D Brown 55,000Ed Willett 70,000John A C Morrow 70,000Peter G Wilson 60,000Chief Tabetando 70,000 The release of shares pursuant to an Award is dependant upon achievement by theCompany of certain performance conditions over a period of three years from thedate of the Award. In addition, prior to an Award vesting, the remunerationCommittee are required to be satisfied that there has been a satisfactory andsustained improvement in the underlying financial performance of the Companyover the next three year period. BowLeven plcKevin Hart, Chief Executive Officer Tel: 00 44 7771 934 974 BrunswickPatrick Handley Tel: 00 44 207 396 7695 ABN AMROAndrew Foster Tel: 00 44 207 678 7106 This information is provided by RNS The company news service from the London Stock Exchange