1 Aug 2013 15:34
1 August 2013
SEPURA PLC
SHARE AWARDS
Sepura plc (the "Company") announces that its Executive Directors were yesterday granted the following share awards over ordinary shares of £0.0005 each in the Company ("Shares").
Sepura Long-Term Incentive Plan ("LTIP") Awards
LTIP awards were granted under the LTIP over the Company's Shares as follows:-
Director | Position | Number of LTIP Awards Granted |
Gordon Watling | Chief Executive Officer | 383,260 |
Steve Chamberlain | Chief Financial Officer | 225,991 |
Under the terms of the Plan, these awards generally vest over three years subject to the satisfaction of certain performance conditions.
Deferred Bonus Plan ("DBP")
Deferred Bonus awards relating to annual bonuses earned for 2013 were granted under the Company's DBP as follows:-
Director | Position | Number of Deferred Bonus Awards Granted |
Gordon Watling | Chief Executive Officer | 50,582 |
Steve Chamberlain | Chief Financial Officer | 24,855 |
Deferred Bonus awards generally vest three years from the date of the Company's announcement of preliminary results issued on 4 June 2013.
- Ends -
For further information please contact:
Sepura plc Tony Hunter | + 44 (0)20 7603 1515 |
Bell Pottinger Olly Scott Charles Goodwin | +44 (0) 20 7861 3232 |