JLH.L Regulatory News (JLH)

14 Feb 2008 13:09

John Lewis Of Hungerford PLC14 February 2008 14 February 2008 John Lewis of Hungerford plc (the "Company") Employee Share Incentive Plan, Directors' Dealings and Confirmation of Total Voting Rights The Company announces today that it has recently established an employee share incentive plan, the John Lewis of Hungerford plc Share Incentive Plan ("the Plan") to reward and further motivate the Company's management and employees. The Company has issued 18,000,000 new ordinary shares of 0.1p each (the PlanShares), which will be held by Capita Trustees Limited on trust for those peoplewho have been granted awards and may in the future be granted awards over sharesunder the Plan. Shares awarded under the Plan will be awarded free of charge tothe recipient but will be forfeited if the person to whom the award is madeleaves the Company's employment within three years of the date on which theaward is made. The Plan's trustees have approved the grant of awards over 6,670,622 Plan Sharesto the Company's general employees. In addition, the Company announces that on12 February 2008 the Plan's trustees approved the grant of an award over 3,773,547 Plan Shares, with an aggregate value of £99,999 (based on the closing mid-market price of 2.65p per John Lewis of Hungerford share on 11 February 2008), to the Company's Managing Director, Jon Rosby, and the grant of an award over 3,773,547 Plan Shares, also with an aggregate value of £99,999, to the Company's Sales Director, Charlotte Hill-Baldwin. Application has been made today for the 18,000,000 Plan Shares to be admitted totrading on AIM. Trading in the Plan Shares on AIM is expected to commence on 20February 2008. Following the issue of the Plan Shares the Company's issued share capital willconsist of 166,745,519 ordinary shares with a nominal value of 0.1p per sharewith voting rights (one vote per ordinary share). The Company does not hold anyordinary shares in treasury. The figure of 166,745,519 ordinary shares may beused by shareholders as the denominator for the calculations by which they willdetermine if they are required to notify their interest in, or a change to theirinterest in, the Company under the Financial Services Authority's Disclosure andTransparency Rules. The Directors' beneficial interests in the Company following the issue of thePlan Shares are as follows: Director Number of Percentage of Enlarged Shares Share Capital John Lewis 91,576,678 54.92%Jon Rosby 3,773,547 2.26%Charlotte Hill-Baldwin 3,773,547 2.26%Richard Worthington 3,212,186 1.93%Keith Bentley 370,000 0.22% For further information please contact: Richard Worthington, Finance & Commercial DirectorJohn Lewis of Hungerford plcTel: 07973 442331 Nicola Horton/David AbbottSmith & Williamson Corporate Finance LimitedNominated Adviser to the CompanyTel: 020 7131 4000 This information is provided by RNS The company news service from the London Stock Exchange