24 Oct 2014 10:23
Imagination Technologies Group plc ("the Company")
Notification of Share Awards to Executives of the Company
Grant of Share Awards under the Imagination Technologies Group plc Long Term Incentive Plan ('LTIP').
In accordance with Disclosure and Transparency Rule 3.1.4R, the Company was notified on 24 October 2014 that the Company's Chief Executive Officer, Sir Hossein Yassaie and the Company's Chief Financial Officer, Richard Smith were granted conditional awards over ordinary shares of 10p under the Company's LTIP. The awards were granted as nil cost options and are subject to performance and employment conditions as set out in the Company's annual report 2014.
The number of shares subject to the award was determined by using the average price of the Imagination Technologies Group plc share price for the three dealing days preceding the date of grant (21, 22 and 23 October) as ascertained by the Official List which was 203.58p per share.
Subject to the achievement of the performance conditions, 50% of the award will vest on 24 October 2017, with 25% on 24 October 2018 and 25% on 24 October 2019.
Executive Director
|
Share Award |
Sir Hossein Yassaie
|
546,223 |
Richard Smith
|
208,496 |
ENQUIRIES:
Imagination Technologies Group plc
Geoff Shingles - Chairman 01923 260511
Tony Llewellyn - Company Secretary 01923 260511