4Imprint Regulatory News (FOUR)

10 Sep 2007 14:34

4imprint Group PLC10 September 2007 4imprint Group plc (the "Company") The Company announces that on 7 September 2007 it granted nil cost Share Optionsto its Executive Chairman, other Executive Directors and Persons DischargingManagerial Responsibilities. Grants have been made, under an Option Deed, to the Executive Chairman, Mr K. J.Minton, whose remuneration is almost entirely share based and performancerelated. There are performance targets attached to the grant which provide forthe vesting of such number of options as represent £500,000 for each 50pincrease in the share price of the Company commencing from a base price of£4.50p per share. Each such 50p increase in share price must be sustained for 30consecutive dealing days. Vested options can be exercised at any time within tenyears of the date of grant. Grants made to two other Executive Directors, Ms G. Davies and Mr A.J. Scull andthree Persons Discharging Managerial Responsibilities. Mr C. Lee, Mr K.Lyons-Tarr and Mr D. Seekings are made under the terms of the 4imprint Long TermIncentive Plan which was approved by Shareholders of the Company at the 2007AGM. There are performance targets attached to the grants which are based on theincrease in total shareholder return above the cost of equity, measured over athree year period from a starting share price of £3.50 per share, which wasachieved in October 2006 when the previous incentive arrangements expired. At the end of that three year period an amount not exceeding 10% of the increasein shareholder return above the cost of equity for the period will be calculatedand made available for allocation to participants. Participants will be awardedsuch number of shares as represents a proportion of that 10%. At the date ofgrant, no Director or Person Discharging Managerial Responsibility is entitledto a proportion exceeding 15.25% of that 10%. This information is provided by RNS The company news service from the London Stock Exchange