Last checked at 2 Jul 2014 07:00
2 July 2014 |
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FOR IMMEDIATE RELEASE
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Creston plc
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('Creston' or the 'Group')
Grant of Award to Executive Director under the Long Term Incentive Plan | ||
Creston plc (LSE: CRE) announces that, on 1 July 2014, the Group granted the following conditional share award (the "Award") to an Executive Director under the Group's Long Term Incentive Plan ("LTIP") approved by shareholders in 2005. The Award was granted at a share price of 106.5 pence per ordinary share (being the closing price on the preceding dealing day) as set out below:
Name | Number of Ordinary Shares subject to LTIP Award | Market value of Shares at the date of the Award (£) | Number of Conditional shares held following Award | Number of ordinary shares currently held | Total Shareholding of currently held shares (%) |
Kathryn Herrick | 103,286 | 110,000 | 103,286 | - | - |
The conditional shares subject to the Award granted will vest in three years and then are required to be held for a further two years. The stretching performance criteria for which this Award is based on is 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.
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.
For further information please contact:
Bell Pottinger | +44 (0)20 7861 3890 |
Elly Williamson/Malika Shermatova | |
About Creston plc
Creston plc (LSE: CRE) is an international marketing communications group that leverages the strength of its agencies' collective expertise and knowledge across insight, technology and creativity to drive transformational growth for its clients through thinking and ideas that connect brands to customers. The Group delivers a range of marketing services, including advertising, 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. www.creston.com