PWS.L Regulatory News (PWS)

15 Sep 2006 17:08

Pinewood Shepperton plc15 September 2006 Pinewood Shepperton plc (the "Company") Grant of Awards under the New LTIP Pinewood Shepperton plc announces that on 14th September 2006 the RemunerationCommittee has granted the following conditional nil cost share awards to theExecutive Directors and certain members of Senior Management under the PinewoodShepperton plc 2006 Long-Term Incentive Plan (the "LTIP") approved byshareholders at the EGM on 19th June 2006. In accordance with the rules of the LTIP, awards were granted on 14th September2006 at a price of 216.75 pence per ordinary share (the closing share price onthe preceding dealing day) as follows: Executive Director Number of Ordinary Shares subject to LTIP Award Ivan Dunleavy 157,151 Patrick Garner 98,039 Nicholas Smith 66,320 Senior Management Nigel Wolfin 21,453 Giles Farley 19,031 David Godfrey 18,454 David Wight 15,801 The shares subject to the LTIP awards will only be released to ExecutiveDirectors and Senior Management in three years time subject to their continuedemployment and the satisfaction of performance conditions based 50% on totalshareholder return and 50% on annual ROCE performance, both over a three yearperiod. Further details of the performance conditions are contained in the notice of EGM on the Investor Relations section of the Company's website atwww.pinewoodgroup.com. 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 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