Last checked at 15 Apr 2010 15:17
15 April 2010
Vislink plc (the "Company")
Vislink plc announces that on 13 April 2010 the Remuneration Committee has granted the following conditional nil cost share awards to Directors under the Vislink plc Long-Term Incentive Plan (the "LTIP") approved by shareholders on 7 March 2008.
In accordance with the rules of the LTIP, LTIP awards were granted on 13 April 2010 at a price of £0.245 per ordinary share (the closing share price on 12 April 2010) as follows:
|
| Number of Ordinary Shares subject to the LTIP Award |
| D Lewis | 875,000 |
| J Trumper | 875,000 |
The shares subject to the LTIP awards will be released in three years' time subject to continued employment and the Company's achievement of EPS growth targets over the three year period from the date of grant.
ENDS
Contacts:
Duncan Lewis: Chief Executive +44 (0) 1488 685 500
James Trumper: Finance Director +44 (0) 1488 685 500
About Vislink plc
The Vislink Group is strategically focussed on providing secure communication technologies to customers in its chosen markets. We specialise in wireless, video and IP technologies together with the supporting management systems. We have four international business units organised to serve its customers in News & Entertainment, Law Enforcement & Public Safety, Marine & Energy and the related Services markets. With offices in the UK, USA, Norway, Dubai, South Africa and Singapore we employ over 450 people worldwide and have net assets in excess of £50 million. Our products include the design and manufacture of microwave radio, satellite transmission, wireless camera and marine CCTV systems; our manufacturing operations are in the UK, Norway and the USA.