Last checked at 3 Oct 2008 15:49
RNS Number : 0911F
Vislink PLC
03 October 2008
3 October 2008
Immediate Release
Vislink plc (the “Company")
Vislink plc announces that on 2nd October 2008 the Remuneration Committee has granted the following conditional nil cost share award to Duncan Lewis, the Company’s new Chief Executive, 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, the LTIP award was granted on 2nd October 2008 at a price of £0.30 per ordinary share (the closing share price on the preceding dealing day) as follows:
| Name of Director | Number of Ordinary Shares subject to the LTIP Award |
| Duncan Lewis | 1,866,666 |
The shares subject to the LTIP award will be released in three years time subject to continued employment, the Company’s achievement of EPS growth targets and the Total Shareholder Return performance of the Company compared to a Comparator Group of selected companies over a three year period from the date of grant.
This grant has been made on the commencement of employment of Duncan Lewis, the Company’s new Chief Executive and forms part of his remuneration package.
Duncan Lewis has no other interest in the shares of the Company.
ENDS
Contacts:
Tim Trotter, Chairman 01488 685 500
James Trumper, Company Secretary 01488 685 500
This information is provided by RNS
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