Mpac Group Plc Regulatory News (MPAC)

1 Mar 2006 12:36

Molins PLC01 March 2006 LONG TERM INCENTIVE PLAN AWARDS Molins PLC announces the conditional grants by the Remuneration Committee to the Executive Directors of the Company on 1 March 2006 of awards, under the rules of the Long Term Incentive Plan, of ordinary shares of 25p each in the Company as set out below. Director Number of Ordinary Shares of 25 p each Mr P J Byrom 188,000Mr D J Cowen 135,000Mr R C Hunter 100,000Mr A D Robson 100,000 The realisation of awards in the Plan is dependent on Company performance criterion over the three years ending 31 December 2008. 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 25 p each 12 February 2003 Mr P J Byrom 120,000 (lapsed)12 February 2003 Mr D J Cowen 78,000 (lapsed) This information is provided by RNS The company news service from the London Stock Exchange