Mpac Group Plc Regulatory News (MPAC)

29 Feb 2008 14:06

Molins PLC29 February 2008 FOR IMMEDIATE RELEASE 29 February 2008 LONG TERM INCENTIVE PLAN AWARDS Molins PLC announces conditional grants, under the rules of the Long Term Incentive Plan, by the Remuneration Committee of the Company on 29 February 2008, of ordinary shares of 25p each in the Company to the following directors: Director Number of Ordinary Shares of 25p each Mr P J Byrom 100,000Mr D J Cowen 135,000Mr R C Hunter 160,000 The realisation of awards in the Plan is dependent on Company performance criteria over the three years ending 31 December 2010. 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 22 February 2005 Mr P J Byrom 188,000 (lapsed)22 February 2005 Mr D J Cowen 135,000 (lapsed)22 February 2005 Mr R C Hunter 100,500 (lapsed) This information is provided by RNS The company news service from the London Stock Exchange