Dairy Crest Regulatory News (DCG)

26 Jun 2009 17:20



Dairy Crest Group plc

26 June 2009

Dairy Crest Group plc ('Dairy Crest')

Dairy Crest Deferred Bonus Plan ('DBP')

Ordinary shares of 25 pence each in Dairy Crest were allocated yesterday to DBP participants, including two of its executive directors, as a result of the reinvestment of the final dividend for 2008/09 on initial awards of shares made under the DPB in previous years.

The number of shares allocated to each director was calculated with reference to a price of 308.25 pence per share, the closing market price for ordinary shares in Dairy Crest, on 24 June 2009.

The directors' allocation and their total shareholding under the DBP after this allocation are as follows:

Long Term Incentive Share Plan ('LTISP')

Dairy Crest also allocated yesterday additional options in its ordinary shares to participants in the LTISP, including its three executive directors, as a result of the-reinvestment of the final dividend for 2008/09 on initial share options granted under the LTISP in previous years.

The share options allocated to each director were calculated with reference to a price of 308.25 pence per share, the closing market price for ordinary shares in Dairy Crest, on 24 June 2009.

The allocation of these new options and the directors' total share options under the LTISP after this allocation are as follows:

Exercise of awards under the LTISP is subject to the achievement of performance conditions over three year performance cycles.

Notification of these awards was made to directors on 25 June 2009

Name of duly authorised officer responsible for making notification:

Andrew Money, Deputy Company Secretary, 01372 472316

26 June 2009