Mpac Group Plc Regulatory News (MPAC)

22 Feb 2005 16:11

Molins PLC22 February 2005 22nd February 2005 LONG TERM INCENTIVE PLAN AWARDS Molins PLC announces the grant by the Remuneration Committee to the ExecutiveDirectors of the Company on 22nd February 2005 of awards, under the rules of theLong Term Incentive Plan, of ordinary shares of 25p each in the Company as setout below. Director Number of Ordinary Shares of 25p each Mr P J Byrom 188,000 Mr D J Cowen 135,000 Mr R C Hunter 100,000 Mr A D Robson 100,000 In accordance with institutional guidelines on long term remuneration for seniorexecutives, awards to participants in the Plan are dependent on sustainedperformance by participants and on the underlying financial performance of theCompany in the three years ending 31 December 2007. This information is provided by RNS The company news service from the London Stock Exchange