Last checked at 14 Jul 2014 07:00
14 July 2014
Creston plc
('Creston' or 'the Company')
Issue of shares under Long Term Incentive Plan
Creston plc (LSE: CRE), the international marketing communications group, announces that following the vesting of the Company's 2012 - 2014 Long Term Incentive Plan ("LTIP") on 11 July 2014, awards were made to Barrie Brien, the Group Chief Executive, under the LTIP in respect of 32,542 ordinary shares of 10 pence each in the Company ("Ordinary Shares").
Of the 32,542 Ordinary Shares, 16,846 Ordinary Shares shall be withheld to settle associated tax liabilities. Following this award Barrie Brien is therefore beneficially interested in 305,585 Ordinary Shares, representing 0.51% of the Company's issued share capital. It is expected that legal ownership of the Ordinary Shares will transfer to Barrie Brien on or around 31 July 2014.
Following the vesting of the LTIP, the Company's issued share capital continues to comprise 60,099,955 Ordinary Shares (excluding the 1,237,383 Ordinary Shares Creston holds in Treasury). The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Creston plc +44 (0)20 7930 9757
Barrie Brien, Group Chief Executive
Kathryn Herrick, Chief Financial Officer
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