Sign In
2 Nov 2009 16:18
ο»Ώ
For Immediate Release 2 NovemberΒ 2009
Pinewood Shepperton PlcΒ Release of Awards under theΒ Pinewood Shepperton Plc Long-Term Incentive PlanΒ
Pinewood Shepperton PlcΒ (the "Company")Β announces the release of conditional share awards granted onΒ 30 October 2006Β and released onΒ 30 OctoberΒ 2009Β under the Pinewood Shepperton PlcΒ Long-Term Incentive Plan to the executive directorsΒ as detailed in the table below.:-
|
Executive |
Number of Ordinary SharesΒ |
|
Ivan Dunleavy |
30,540 |
|
Patrick Garner |
25,067 |
|
Nicholas Smith |
2,518 |
In accordance with theΒ rules and the performance schedule,Β 50% of the award (Part 1 of the Award) is releasedΒ based on the Company'sΒ total shareholder returnΒ performance against a selected comparator groupΒ and 50% (Part 2 of the Award) is released based on the Company's return on capital employed.
For Part 1 of the Award, executive directors have acquired 50.9% of shares subject to the award. No shares were released under Part 2 of the Award. As a consequence onΒ 30 October 2009Β the executivesΒ directorsΒ became the legal and beneficial owners of the number of ordinary shares of the Company, as detailed in the table above,Β at a price ofΒ 135.5Β pence per ordinary share.
Β
- ENDS -
Follow the stocks
