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17 Oct 2012 18:01
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Grant of awards under the Co-Investment Plan 2010
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Chime Communications PLC ('the Company'), the leading marketing services group, announces the grant on 8 October 2012 of conditional awards under the Chime Communications PLC Co-Investment Plan 2010 ('the Plan') as approved by shareholders at the Annual General Meeting of the Company on 12 May 2010. The Plan has been designed by the Remuneration Committee to drive management behaviour and to increase alignment with shareholders' interests.
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A grant of conditional awards has been made to each of the Executive Directors. Participation in the Plan is contingent on each Director committing to maintain a minimum investment in the Company's shares ('Deposited Shares') until the end of the performance period. The Executive Directors commit to retaining the following number of Deposited Shares, equivalent to 25% of the conditional award made under the Plan:
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Β | Β | No. of conditional award shares: | No. of Deposited Shares: |
Chief Executive Officer | Christopher Satterthwaite | 215,982 | 53,996 |
Chief Operating Officer & Finance Director | Mark Smith | 140,388 | 35,097 |
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Each conditional award to the Executive Directors is subject to the achievement of the stretching performance conditions over a three year period consistent with those approved by shareholders at the Annual General Meeting on 6th April 2010.
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For further details contact:
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Mark Smith, Chief Operating Officer & Finance Director Chime Communications plc Β | Tel: +44 (0)20 7861 8515 |
Robert Davison, Group Secretary Chime Communications plc Β | Tel: +44 (0)20 7861 8515 |
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