-3x Short China Regulatory News (SCHE)

19 Jan 2010 14:30



Date 19 January 2010

Southern Cross Healthcare Group PLC 

Ordinary shares of 1p each

Southern Cross Healthcare Group PLC ('the Company') announces that on 18 January 2010 it granted awards in the UK for nil consideration over 1,735,903 shares (0.92% of issued share capital) under the Southern Cross Healthcare Group 2006 Performance Share Plan ("PSP") including the tax efficient Approved Section ("AS").

Pursuant to DR 3.1.4 and following notifications received today in fulfilment of the obligations imposed by DR 3.1.2 we hereby announce that the following awards have been granted to PDMRs.

The awards take the form of options, being an option under the performance share plan, with a nil exercise price, together with an option under the approved section at an exercise price of £1.52 per share, to acquire shares in the future, subject to the performance condition being achieved.

The performance condition relates to Adjusted EPS for the financial year ending on 30 September 2012. Subject to the rules of the PSP including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the awards is 18 January 2013. 

William D. McLeish

Company Secretary

01325 351100

1 At the time of vesting, to the extent that there is a gain on the option granted under the Approved Section, PSP 

options will be forfeited to the same value.