PWS.L Regulatory News (PWS)

8 May 2008 16:11

Pinewood Shepperton plc08 May 2008 Pinewood Shepperton plc 8 May 2008 Pinewood Shepperton plc (the "Company") Grant of Awards under the LTIP Pinewood Shepperton plc announces that on 7 May 2008 the Remuneration Committeegranted the following conditional nil cost share awards to the ExecutiveDirectors and certain members of senior management, being Persons DischargingManagerial Responsibility ("PDMRs"), under the Pinewood Shepperton plc 2007Long-Term Incentive Plan (the "LTIP"). In accordance with the rules of the LTIP, awards were granted on 7 May 2008 at aprice of 237 pence per ordinary share (the closing share price on the precedingdealing day) as follows: Executive Directors No. of Ordinary Shares subject to LTIP AwardIvan Dunleavy 152,954Patrick Garner 105,485Nick Smith 84,388 The shares subject to the LTIP awards will be released to Executive Directors inthree years' time subject to their continued employment and the satisfaction ofthe following performance conditions: 1. 50% of the award is subject to the Company's total shareholder returnperformance over the three-year period compared to the constituents of the FTSESmall Cap Index. 20% of the shares subject to this element of the award will bereleased for median comparative performance with full release of this element ofthe award at upper decile comparative performance. 2. 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 8% with full release onlyoccurring for average annual ROCE of 11% 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 30 business days from 7 May 2008. PDMRs No. of Ordinary Shares subject to LTIP AwardPaul Baker 42,194Ray Dance 11,920Paul Darbyshire 18,987Bruce Everett 22,785Giles Farley 39,662Dave Godfrey 18,987Peter Hicks 10,127Simon Honey 11,709Kris Jaggs 8,861Chris Naisby 30,591Matt Richardson 15,823David Wight 20,042Darren Wolfson 19,831 The shares subject to the LTIP awards will be released to PDMRs in three years'time subject to their continued employment and the satisfaction of the followingperformance conditions: 1. 50% of the award is subject to the Company's total shareholder returnperformance over the three-year period compared to the constituents of the FTSESmall Cap Index. 50% of the shares subject to this element of the award will bereleased for median comparative performance with full release of this element ofthe award at upper quartile comparative performance. 2. 50% of the award is subject to the Company's average annual ROCEperformance over the three-year period. 50% of shares subject to this element ofthe award will be released for average annual ROCE of 8% with full release onlyoccurring for average annual ROCE of 11% or above. For further information, please contact Matt Richardson (Company Secretary) on 01753 656 473. This information is provided by RNS The company news service from the London Stock Exchange