19 May 2010 12:12
RNS - 19 May 2010
Directors' Dealings and Grant of Awards Following the grant of awards in respect of the Pinewood Shepperton plc 2006 Long-Term Incentive Plan (the 'LTIP') on 1 April 2010, Executive Directors were provided with the opportunity to receive further awards if they purchased or subscribed for ordinary shares in the Company within 30 business days (excluding any days when the Company is in a close period) "Qualifying Period". The following acquisitions have been made in connection with these awards:
On 16 April 2010, Ivan Dunleavy, Chief Executive of the Company, acquired 10,000 ordinary shares at a price of 153 pence per ordinary share.
On 17 May 2010, Ivan Dunleavy, Chief Executive of the Company, acquired 10,000 ordinary shares at a price of 139.25 pence per ordinary share. In accordance with the rules of the LTIP, upon the close of the Qualifying Period, two conditional nil cost share awards were granted for every share acquired or subscribed by the Executive Directors during the Qualifying Period. Accordingly, awards were granted on 18 May 2010 as follows: Executive Director Number of Ordinary Shares subject to LTIP Award Ivan Dunleavy 40,000
The shares subject to the LTIP awards will only be released to Executive Directors in three years' time subject to their continued employment and the satisfaction of performance conditions based 50% on total shareholder return and 50% on annual ROCE performance, both measured over a three-year period from the original date of grant on 1 April 2010. This grant of awards is in addition to previous grants made under the LTIP on 1 April 2010.
Enquiries: Matt Richardson, Company Secretary - 01753 656 473