Greggs Regulatory News (GRG)

5 Apr 2007 18:02

Greggs PLC05 April 2007 Greggs plc ("Company") announces that on 5 April 2007 the following directors ofthe Company purchased the following amounts of ordinary shares of 20p each inthe capital of the Company ("Shares") and were granted nil cost options over thefollowing amounts of Shares pursuant to the Greggs plc Long Term Incentive Plan2006 ("Scheme") approved by the Company at its annual general meeting on 10 May2006. Richard Hutton 239 Shares purchased at £47.46 per Share Nil cost options granted over 812 Shares Raymond Reynolds 179 Shares purchased at £47.46 per Share Nil cost options granted over 610 Shares The performance target in relation to the nil cost options are a growth inEarnings per Share at +3% above RPI to entitle the option holder to 50% of thetotal number of options granted and growth in Earnings per Share at +7.5% aboveRPI to entitle the option holder to 100% of the total number of options granted.For Earnings per Share growth between +3% and +7.5% above RPI a pro rated scaleof between 50% and 100% will be determined. Following these purchases and grants the directors have the following interestsin the share capital of the Company (excluding options): Richard Hutton 1,446 (0.01%) beneficial 215,000 (1.93%) non-beneficial Raymond Reynolds 2,987 (0.03%) beneficial In addition, Richard Hutton and Raymond Reynolds also have a potentialbeneficial interest in the 406,664 (3.65%) Shares held by the Company's EmployeeBenefit Trust. This information is provided by RNS The company news service from the London Stock Exchange