22 Jan 2015 12:43
22 January 2015
STOBART GROUP LIMITED
('Stobart' or 'the Company')
Grant of performance shares under the New Incentive Plan to Directors/PDMRs
The Executive Directors have been awarded an initial grant of performance shares, as set out in the table below, under the New Incentive Plan.
Director | Initial grant of performance shares |
Andrew Tinkler | 211,943 |
Ben Whawell | 136,249 |
Richard Butcher | 131,203 |
The performance shares, which were granted on 1 November 14, as stated in the Company's circular dated 1 October 2014 (the "Circular") will vest at the end of a three-year performance measurement period in accordance with the rules of the New Incentive Plan. The vesting conditions and other details were set out in the Circular and full details will be included in the Directors Remuneration Report in the Annual Report for the year to 28 February 2015.
There has been no change to the issued share capital of the Company as a result of the above transfer. The total number of voting rights in Stobart, excluding treasury shares, is 327,925,831.
This disclosure is made pursuant to 3.1.4R of the Disclosure and Transparency Rules.
Enquiries:
Stobart Group +44 20 7851 9090
Andrew Tinkler, Chief Executive Officer
Ben Whawell, Chief Financial Officer
Influence Associates
Stuart Dyble/James Andrew +44 20 7287 9610
Redleaf PR +44 20 7382 4730
Emma Kane
Rebecca Sander-Hewett
Charlie Geller