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Last checked at 
13 May 2008 16:02
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Churchill China plc (the "Company")
13 May 2008
Phantom Share Scheme
In accordance with the rules of the Company's Phantom Share Scheme (the "Scheme"), the following Directors of the Company were granted awards under the Scheme on 12 May 2008 at a base value of 284p.Β The options are exercisable from 12Β May 2012.
Β
|
Name
|
Shares
|
|
David Taylor
|
10,000
|
|
David OβConnor
|
10,000
|
|
Iain Hicks
|
10,000
|
The maximum gain under the awards has been capped at 400p per phantom shareΒ and exercise of the options isΒ subject to the achievement of certain performance conditionsΒ in relation to growth in earnings per share.Β Under the terms of the Scheme the options must be exercised by 12Β MayΒ 2013.
A furtherΒ 70,000 such awards were made to other employees of the Group on the same terms as above, amounting to a total grant ofΒ 100,000 phantom shares under the Scheme.
Β
Further enquiries:
David Taylor, Finance Director (Churchill China plc) - 01782 524509
Andrew Emmott, Director (Brewin Dolphin Limited) - 0845 270 8611
ENDS
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