PWS.L Regulatory News (PWS)

30 Oct 2006 17:49

Pinewood Shepperton plc30 October 2006 Pinewood Shepperton plc Pinewood Shepperton plc (the "Company") Grant of Awards under the New LTIP Pinewood Shepperton plc announces that on 30th October 2006 the RemunerationCommittee has granted the following conditional nil cost share awards to theExecutive Directors under the Pinewood Shepperton plc 2006 Long-Term IncentivePlan (the "LTIP") approved by shareholders at the EGM on 19th June 2006. In accordance with the rules of the LTIP, two awards were granted for everyshare purchased by the Executive Directors during the 30 business days from 14th September 2006. Awards were granted as follows: Executive Director Number of Ordinary Shares subject to LTIP Award Ivan Dunleavy 120,000Patrick Garner 98,498Nicholas Smith 9,896 The shares subject to the LTIP awards will only be released to ExecutiveDirectors in three years time subject to the retention of the related sharespurchased for three years, the continued employment of the Executive Directorsand the satisfaction of performance conditions based 50% on total shareholderreturn and 50% on annual ROCE performance, both over a three year period. 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. This grant of awards is in addition to previous grants made under the LTIP on14th September 2006. For further information, please contact Nigel Wolfin (Company Secretary) on01753 656 273. This information is provided by RNS The company news service from the London Stock Exchange