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Pin to quick picksThruvision Grp Regulatory News (THRU)

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LTIP Grant to Executive Directors

2 Jul 2015 16:32

RNS Number : 0613S
Digital Barriers plc
02 July 2015
 

2 July 2015

 

Digital Barriers PLC

("Digital Barriers" or the "Group")

 

Long Term Incentive Plan ("LTIP") grant to Executive Directors

 

Digital Barriers (AIM: DGB), the specialist provider of advanced surveillance technologies to the security and defence sectors, announces an LTIP grant to the Executive Directors.

 

On 2 July 2015 the Remuneration Committee of the Group made a conditional grant to Zak Doffman, Colin Evans and Sharon Cooper, under the rules of The Digital Barriers Long Term Incentive Plan (the "Plan"), over Ordinary 1p shares.

 

The award comprises a top-up award of nil cost options as follows.

 

 

Top-up award

(no. of shares) made

on 2 July 2015

Total number of shares

under option following

award

Zak Doffman

1,000,000

1,125,523

Colin Evans

500,000

625,523

Sharon Cooper

250,000

375,523

 

 

The vesting and exercise of the awards made on 2 July 2015 are subject to certain performance conditions relating to revenue and profit in the performance period.

 

Full details of the previous award under the Plan are given in the Group's announcement dated 12 June 2014 and full details of the Plan can be found in the Digital Barriers 2014 Annual Report on page 34.

 

 

For further information, please contact:

 

Digital Barriers plc

Tel: 0203 553 5888

Tom Black, Non-Executive Chairman

John Woollhead, Company Secretary

Investec Investment Banking

Tel: 020 7597 5970

Andrew Pinder / Dominic Emery

FTI Consulting LLP

Tel: 020 3727 1000

Matt Dixon / Edward Bridges

 

 

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.

 

www.digitalbarriers.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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