PWS.L Regulatory News (PWS)

30 Mar 2007 15:29

Pinewood Shepperton plc30 March 2007 Pinewood Shepperton plc (the "Company") Grant of Awards under the LTIP Pinewood Shepperton plc announces that on 30 March 2007 the RemunerationCommittee has granted the following conditional nil cost share awards to theExecutive Directors and certain members of senior management, being PersonsDischarging Managerial Responsibility ("PDMRs") under the Pinewood Sheppertonplc 2006 Long-Term Incentive Plan (the "LTIP"). In accordance with the rules of the LTIP, awards were granted on 30 March 2007at a price of 217.5 pence per ordinary share (the closing share price on thepreceding dealing day) as follows: Executive Director Number of Ordinary Shares subject to LTIP Award Ivan Dunleavy 156,609 Patrick Garner 97,701 Nicholas Smith 80,459 Persons Discharging Managerial Responsibility Nigel Wolfin 22,068 Giles Farley 19,540 David Godfrey 18,390 David Wight 18,390 Paul Baker 14,942 Paul Darbyshire 18,942 Bruce Everett 27,586 Stephen Lye 16,229 Robin O'Donoghue 26,436 Matt Richardson 12,436 The shares subject to the LTIP awards will only be released to ExecutiveDirectors in three years time subject to their continued employment and thesatisfaction of the following performance conditions:- 50% of the award is subject to the Company's total shareholderreturn performance over the three year period compared to the constituents ofthe FTSE Small Cap Index. 20% of the shares subject to this element of the awardwill be released for median comparative performance with full release of thiselement of the award at upper decile comparative performance. 50% of the award is subject to the Company's average annual ROCEperformance over the three year period. 20% of shares subject to this element ofthe award will be released for average annual ROCE of 12.5% with full releaseonly occurring for average annual ROCE of 17% or above. Under the LTIP and subject to the discretion of the Remuneration Committee, theExecutive Directors may be eligible to receive additional LTIP Awards if theypurchase shares in the Company within the next business 30 days. For further information, please contact Nigel Wolfin (Company Secretary) on01753 656 183. This information is provided by RNS The company news service from the London Stock Exchange