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26 Apr 2019 07:00
nmcn PLC
26 April 2019
nmcn PLC
Performance Share Plan Awards
nmcn PLC ("nmcn" or "the Company" or "the Group") announces that the following share awards over ordinary shares of 10p each in the Company ("Shares") were yesterday granted under the nmcn PLC Performance Share Plan ("PSP"):
Director | Position | Number of Share Awards Granted |
John Homer | Chief Executive | 61,403 |
Dan Taylor | Chief Financial Officer | 35,653 |
Andy Langman | Executive Director | 31,692 |
Stuart Proud | Executive Director | 31,692 |
The PSP was approved by the Company's shareholders at the Company's AGM on 19 May 2016.
These awards are subject to a performance condition which will be based on the Group's aggregate adjusted profit before tax and which will be measured over the three financial years of the Company 2019, 2020 and 2021. The normal vesting date for these awards will be 26 April 2022, subject to the satisfaction of the performance condition, and any vested shares will be subject to a two-year holding period.
The number of shares within the awards shown above (which allow for the acquisition of shares at nil-cost to the extent that the performance condition is achieved) were calculated using the Company's 3-day average share price to the close of business on 25 April 2019 (520.00 pence).
For further information please contact:
nmcn PLC - 01623 515 008
John Homer, Chief Executive
Dan Taylor, Chief Financial Officer
This disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
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