Ebiquity Regulatory News (EBQ)

3 Apr 2008 08:41

Thomson Intermedia PLC03 April 2008 3 April 2008 Thomson Intermedia plc Grant of Awards under the New Executive Incentive Plan Thomson Intermedia plc announces that on 1st April 2008 the Company granted thefollowing share awards in the form of nil cost options to the ExecutiveDirectors under the Thomson Intermedia plc 2008 Executive Incentive Plan (the "EIP") adopted by the Company on 1st April 2008. In accordance with the rules of the EIP, EIP awards were granted on 1st April2008 with a price on grant of 32 pence per ordinary share of 25p each ("OrdinaryShares") as follows: Executive Director Number of Ordinary Shares Total interest in options subject to the EIP Award following EIP Award Michael Greenlees 1,800,000 1,919,760Nick Manning 1,350,000 1,464,285 Vesting is subject to the continued employment of the Executive Directors andthe satisfaction of a 150 p share price target. The EIP awards will be splitinto two parts. The first part will first become exercisable on 31st October2009 and the second part on 30th April 2011. Enquires: Thomson Intermedia Andrew Beach, Deputy Finance Director 020 7650 9600 - ENDS - This information is provided by RNS The company news service from the London Stock Exchange