Trifast Regulatory News (TRI)

1 Aug 2007 09:26

Trifast PLC01 August 2007 Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules Trifast plc (the "Company") announces that on 31 July 2007, the Board approved the grant to persons discharging managerial responsibilities of the following conditional share awards under the Trifast plc 2005 Long-Term Incentive Plan (the "2005 Plan"): Director Number of ordinary shares conditionally awarded Mr S Auld 688,146Mr S Lawson 248,024Mr G P Budd 210,942 Included within the grant to Mr Auld is a conditional award of 344,073 ordinaryshares which is subject to approval by the Company's shareholders. The earliest normal vesting date on which such shares may be released is 31 July 2010. Awards will be released based upon the Company's Return on Capital Employed performance measured over a three year period from the date of grant. No awards will be capable of release unless the Company's Total Shareholder Return is at least at the median of the total shareholder return of the companies comprising the FTSE All Share Index over the same period. The Directors will not be required to make any payment for ordinary shares released to them under the 2005 Plan. Following the grant of these awards, Mr Auld has options and conditional share awards over 1,020,346 ordinary shares (including the award subject to shareholder approval), Mr Lawson has options and conditional share awards over 1,149,724 ordinary shares and Mr Budd has options and conditional share awards over 1,292,742 ordinary shares. Enquiries:Trifast plcMark Belton, Company SecretaryTel: 01825 769696 This information is provided by RNS The company news service from the London Stock Exchange