Conduit Hldg Regulatory News (CRE)

2 Sep 2005 09:42

Creston PLC02 September 2005 2 September 2005 Creston Plc (the "Company")Grant of Options and of Restricted Shares under the Creston Long Term IncentivePlan On 31 August 2005 the Board approved the following grant of options pursuant toan agreement dated 3 January 2001, to Mr D.H Elgie a Director of the Company. The grant of options is as a result of the issue and allotment of new ordinaryshares relating to the issue of shares in connection with the acquisition of RedDoor Communications Limited. The details are as follows: Name Exercise No. of options Exercise period Price Don Elgie 31 August 2008 -30 August 2015 20,078 165.5p Of the options outlined above, 10,039 are performance related options, which canbe exercised after the initial exercise date provided Creston Plc's averagegrowth in diluted earnings per share has for two consecutive financial yearsexceeded the average growth in diluted earnings per share of such competitorcompanies (as specified by the Company's brokers) by greater than 10 per cent. In addition to the options outlined above, Mr Elgie has an interest in thefollowing: • 605,060 options over ordinary shares, at an exercise price of 95p • 382,380 options over ordinary shares, at an exercise price of 110p • 60,657 options over ordinary shares, at an exercise price of 114p • 91,145 options over ordinary shares, at an exercise price of 113p • 46,752 options over ordinary shares, at an exercise price of 139p • 6,930 options over ordinary shares, at an exercise price of 136p • 67,477 options over ordinary shares, at an exercise price of 142p • 487,280 options over ordinary shares, at an exercise price of 155p • 24,231 options over ordinary shares, at an exercise price of 165.5p In addition, the following awards were made to senior executives under theCreston plc Long Term Incentive Plan (the "Plan") in respect of 229,734 ordinaryshares of 10 pence each, which included the following awards made to Directorsand members of the Creston Operating Board. Name Position Number of ordinary shares Don Elgie Chief Executive 21,926 Keith Bates Managing Director, Marketing Sciences Group 43,729 Graham Monk Managing Director, TRA Limited 44,487 No payment was made for the grant of these awards and these shares will be heldby the Creston Employees Benefit Trust and will vest and be released to theaward holders for nil cost under the rules of the Plan. Subject to the rules ofthe Plan and the satisfaction of the performance conditions, these awards areanticipated to vest on the date of the announcement of the preliminary resultsof the Company in respect of the years ended 31 March 2007 and 2008. In addition to the award under the Plan outlined above, Mr. Bates and Mr Monkalso have a beneficial interest in 633,620 and 9,500 ordinary sharesrepresenting 1.73 per cent. and 0.03 per cent. of the issued ordinary sharecapital of the Company respectively. Mr Elgie also has a beneficial interest in997,801 ordinary shares in the Company representing 2.73 per cent of theCompany's issued ordinary share capital of the company. This information is provided by RNS The company news service from the London Stock Exchange