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25 Jun 2009 17:48
FOR IMIDIATE RELEASE
Creston plc Issue of Shares to Directors in replacement of Annual Cash Incentive Plans Creston plc ("Creston" or "the Company") announces that on the 24 June 2009 the Executive Directors were issued 202,505 ordinary shares of 10 pence each in the Company. This issue of shares replaces fifty per cent of their contractual cash incentive, payable for meeting the relevant performance targets for the financial year ended 31 March 2009. The Executive Directors elected to receive this proportion of their remuneration in shares rather then cash. The shares are being transferred to the following Directors from the Employee Benefit Trust:
|
Name
|
Number of ordinary shares awarded
|
Total Enlarged Holding in the Company
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Total Enlarged Holding in the Company
|
|
Don Elgie
|
135,751
|
1,585,591
|
2.83%
|
|
Barrie Brien
|
66,754
|
160,191
|
0.28%
|
|
|
|
|
|
As a result of this issue, at the close of business on 25 June 2009 Creston's issued share capital consisted of 55,963,743 ordinary shares of 10 pence each, including 1,468,845 (2.62%) held in the Creston plc Employee Benefit Trust and 52,383 (0.09%) held in Treasury. The International Securities Identification Number for Creston's ordinary shares is GB0004440284.
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