Sign In
24 Jul 2012 15:33
24 July 2012
Sepura plc
(the "Company")
Grant of Share Awards to Directors
Sepura plc announces that the following awards ("LTIP Awards") over ordinary shares of nominal value £0.0005 in the capital of the Company were today granted under the Sepura Long-Term Incentive Plan ("Plan") to certain Directors of the Company as follows:
Name of Executive Director | Number of shares under the LTIP Award |
Gordon Watling Steve Chamberlain |
614,103 362,109 |
No consideration was paid for the grant of the LTIP Awards which are structured as a conditional award.
The vesting of an LTIP Award is ordinarily subject to continued employment of the participant and the satisfaction of certain challenging Company performance conditions set by the Remuneration Committee of the Board at the time of grant. An LTIP Award will normally vest on the third anniversary of grant, subject to the satisfaction of the performance conditions.
For further information please contact:
Tony Hunter
Company Secretary
Sepura PLC + 44 (0)207 603 1515
Powerscourt (Media Enquiries) + 44 (0)207 250 1446
Paul Durman
Follow the stocks
