Mpac Group Plc Regulatory News (MPAC)

5 Mar 2007 16:26

Molins PLC05 March 2007 FOR IMMEDIATE RELEASE 5 March 2007 LONG TERM INCENTIVE PLAN AWARDS Molins PLC announces the conditional grants by the Remuneration Committee to theExecutive Directors of the Company on 2 March 2007 of awards, under the rules ofthe Long Term Incentive Plan, of ordinary shares of 25p each in the Company asset out below. Director Number of Ordinary Shares of 25p each Mr P J Byrom 188,000Mr D J Cowen 135,000Mr R C Hunter 135,000 The realisation of awards in the Plan is dependent on Company performance criteria over the three years ending 31 December 2009. LAPSE OF AWARDS Molins PLC announces that the under mentioned awards of conditional grants ofordinary shares of 25p each in the Company, made under the rules of theCompany's Long Term Incentive Plan, have lapsed because the performance criteriahave not been met. Date of award of Director Number of ordinaryconditional grant shares of 25p each 2 March 2004 Mr P J Byrom 84,000 (lapsed)2 March 2004 Mr D J Cowen 60,000 (lapsed)2 March 2004 Mr R C Hunter 22,500 (lapsed)2 March 2004 Mr A D Robson 15,000 (lapsed) This information is provided by RNS The company news service from the London Stock Exchange