Eurocell Regulatory News (ECEL)

Eurocell plc

29 June 2016

Notification made in accordance with Rule 3.1.4(1)(a) of the Disclosure and Transparency Rules.

Eurocell plc, (LSE: ECEL) a market leading, vertically integrated UK manufacturer and distributor of innovative window, door and roofline PVC products, announces that awards have been granted to Mark Kelly, Chief Executive, and certain other persons discharging managerial responsibilities ("PDMRs") under the terms of the Eurocell plc Performance Share Plan 2015 ("PSP") and the Eurocell plc Deferred Share Plan 2015 ("DSP").

Award granted under the PSP

A nil-cost option over 273,417 ordinary shares of £0.001 each ("Ordinary Shares") was granted to Mark Kelly, Chief Executive of the Company, under the PSP on 28 June 2016.

The vesting of the PSP award is subject to certain conditions including continued employment with the Group and the achievement of performance targets related to earnings per share growth and group cash flow over a three year performance period.

This award represents a formalisation of the share options announced on 7 April 2016 and is not in addition to those share options.

Awards granted under the DSP

Nil-cost options were granted under the DSP on 28 June 2016 to Mark Kelly and to certain PDMRs over Ordinary Shares as follows:

The award granted to Mark Kelly vests on 28 June 2017 subject to continued employment with the Group and relates to his recruitment bonus, as previously disclosed in the Directors' Remuneration Report contained in the Company's 2015 Annual Report. Each of the other DSP awards described above vests on 28 June 2019 subject to continued employment with the Group.

Robert Lawson, Chairman of Eurocell, commented:

"The grant of these options will enable key members of our team to benefit from the strong future growth that we believe Eurocell can achieve and ensures that their interests are in line with our shareholders. The awards are in line with the remuneration policy set out at our IPO in 2015."