Conduit Hldg Regulatory News (CRE)

1 Aug 2005 11:23

Creston PLC01 August 2005 1 August 2005 Creston Plc (the "Company") Grant of Restricted Shares under the Creston Long Term Incentive Plan The Company announces that on 28 July 2005 the following awards were made tosenior executives under the Creston plc Long Term Incentive Plan (the "Plan") inrespect of 97,744 ordinary shares of 10 pence each, which included the followingawards made to executive directors and senior management. Name Position Number of ordinary shares Barrie Brien Chief Operating Officer and Chief Financial Officer 23,318 Graham Monk Managing Director, TRA Limited 21,513 No payment was made for the grant of these awards and these restricted shareswill vest and be released to the award holders for nil cost under the rules ofthe Plan. Subject to the rules of the Plan and the satisfaction of theperformance conditions, these awards are anticipated to vest on the date of theannouncement of the preliminary results of the Company in respect of the yearended 31 March 2008. In addition to the award under the Plan outlined above, Mr. Brien also has aninterest in 215,422 options over ordinary shares at an exercise price of 142pence per ordinary share and also has a beneficial interest in 11,625 ordinaryshares representing 0.03 per cent. of the issued ordinary share capital of theCompany. This information is provided by RNS The company news service from the London Stock Exchange