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18 Jun 2014 14:00
Sepura PLC
("Sepura" or the "Company")
Share Awards
Sepura 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 | Normal Vesting Period |
Gordon Watling | Chief Executive Officer | 312,391 | 3 years |
Gordon Watling | Chief Executive Officer | 312,391 | 4 years |
Steve Chamberlain | Chief Financial Officer | 188,476 | 3 years |
Under the terms of the LTIP, these awards are subject to the satisfaction of certain performance conditions over the vesting period.
Deferred Bonus Plan ("DBP")
Deferred Bonus awards relating to annual bonuses earned for 2014 were granted under the Company's DBP as follows:-
Director | Position | Number of Deferred Bonus Awards Granted |
Gordon Watling | Chief Executive Officer | 35,633 |
Steve Chamberlain | Chief Financial Officer | 17,509 |
These Deferred Bonus awards generally vest three years from the date of the Company's announcement of preliminary results issued on 10 June 2014.
- 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 |
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