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2 Apr 2014 07:00
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02 April 2014 | Ā | |
FOR IMMEDIATE RELEASE Ā | Ā | |
Creston plc | ||
Grant of Award to Executive Director under the Long Term Incentive Plan | ||
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Creston plc ("Creston" or the "Company") announces that, on 1 April 2014, the Company granted the following conditional share award (the "Award") to an Executive Director under the Creston plc Long Term Incentive Plan ("LTIP") approved by shareholders in 2005. The Award was granted at a share price of 102.5 pence per ordinary share (being the closing price on the preceding dealing day) as set out below:
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Name | Number of Ordinary Shares subject to LTIP Award | Market value of Shares at the date of the Award (Ā£) | Number of Conditional shares held following Award | Number of ordinary shares currently held | Total Shareholding of currently held shares (%) |
Barrie Brien | 341,463 | 350,000 | 1,076,334 | 289,889 | 0.48 |
The conditional shares subject to the Award granted will vest in five years, and are contingent on the individual's continued employment and stretching performance criteria which are based on the performance of the Group's diluted earnings per share over the three year performance period (being the FY15, FY16 and FY17 financial years) compared to UK gross domestic product.
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No consideration will be paid for the contingent shares upon their vesting and the issue of the Award will be subject to the related performance criteria.
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For further information please contact:
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Pelham Bell Pottinger | +44 (0)20 7861 3890Ā |
Elly Williamson/Malika Shermatova | |
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About Creston plc
Creston plc (LSE: CRE) is a digitally focused insight and communications group. The Group delivers a range of marketing services, including advertising, brand consultancy, CRM, digital and direct marketing, health communications, local marketing, market research, PR and social media marketing to a broad spectrum of blue-chip global clients. Our insight companies give us a real edge, providing the analytic intelligence to enable us to deliver original thinking that engages audiences, invites participation and influences future trends. www.creston.com
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