Hill & Smith Regulatory News (HILS)

2 Jul 2007 15:49

Hill & Smith Hldgs PLC02 July 2007 Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules Hill & Smith Holdings PLC ("Hill & Smith" or the "Company") announces that the Board has today approved the conditional award to Mr D W Muir, a person discharging managerial responsibilities of Hill & Smith, of options over up to 67,791 ordinary shares (the "Award Shares") in the Company, in accordance with the provisions of the Hill & Smith 2007 Long-Term Incentive Plan (the "2007 Plan"). Vesting of the Award Shares is, under the rules of the 2007 Plan, subject to the achievement by the Company of growth in its underlying earnings per share over the three year period commencing on 1 January 2007 (the "Vesting Period"), as set out in a circular to the Company's shareholders dated 7 April 2007. The Award Shares will, subject to achievement of the performance conditions, vest at the end of the Vesting Period. Mr Muir will not be required to make any payment for Award Shares to which he becomes entitled under the 2007 Plan. Following the grant of this award, Mr Muir has a beneficial interest of 9,714 ordinary shares and has options over 158,265 ordinary shares. Enquiries:John HumphreysCompany SecretaryHill & Smith Holdings PLCTel: 0121 704 7430 This information is provided by RNS The company news service from the London Stock Exchange