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2 Nov 2009 16:18
For Immediate Release 2 November 2009
Pinewood Shepperton Plc Release of Awards under the Pinewood Shepperton Plc Long-Term Incentive Plan
Pinewood Shepperton Plc (the "Company") announces the release of conditional share awards granted on 30 October 2006 and released on 30 October 2009 under the Pinewood Shepperton Plc Long-Term Incentive Plan to the executive directors as detailed in the table below.:-
|
Executive |
Number of Ordinary Shares |
|
Ivan Dunleavy |
30,540 |
|
Patrick Garner |
25,067 |
|
Nicholas Smith |
2,518 |
In accordance with the rules and the performance schedule, 50% of the award (Part 1 of the Award) is released based on the Company's total shareholder return performance against a selected comparator group 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 on 30 October 2009 the executives directors became the legal and beneficial owners of the number of ordinary shares of the Company, as detailed in the table above, at a price of 135.5 pence per ordinary share.
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