Thg Regulatory News (THG)

5 Jul 2007 09:00

Terrace Hill Group PLC05 July 2007 For immediate release 5 July 2007 Terrace Hill Group plc ("Terrace Hill" or the "Company") Notification of Awards under the Terrace Hill Group plc Performance Share Plan Terrace Hill Group plc (AIM: THG) announces the following grant of awards ('Awards') to certain directors of the Companyunder the Company's Performance Share Plan ('PSP') on 5 July 2007. Name Total Share Awards outstanding at 4 July 2007 Granted on 5 July 2007 under the PSP Total Share Awards outstanding as at 5 July 2007 R F M Adair 534,759 312,500 847,259Chairman P Leech 534,759 312,500 847,259Group Managing Director T Walsh 320,855 125,000 445,855Group Finance Director Notes 1 The Awards will vest on 1 November 2009, but only to the extent that certain performance criteria based on the Company's triple net asset value are satisfied over the Company's next three financial years commencing with the currentfinancial year; 2 No consideration is payable on the grant or vesting of the Awards; 3 A further 2,005,357 Awards were granted to senior employees of the Company on 5 July 2007; 4 The Company has 211,971,299 Ordinary Shares of 2p each in issue; 5 There are no shares held in treasury so the total voting rights in the Company is therefore 211,971,299; 6 The Company now has a total of 7,332,885 Awards outstanding, under the Terrace Hill Group plc Performance Share Plan,representing 3.46% of the issued Ordinary Share Capital; and 7 The notification of these Awards is intended to satisfy the Company's obligations under The Financial Services Authority's Disclosure and Transparency Rules. For further information please contact: Terrace Hill Group plc 020 7631 1666Philip Leech, Group Managing Director Noble & Company Limited Nick Athanas 020 7763 2200 This information is provided by RNS The company news service from the London Stock Exchange