Last checked at 23 Mar 2012 15:00
Lupus Capital plc
Deferred Share Awards and Directors' Dealing
Lupus Capital plc ("Lupus" or the "Company"), a leading international supplier of building products to the door and window industry, announces that the Remuneration Committee of the Company has granted the following nil cost share awards in respect of the year ended 31 December 2011 (the "2011 Awards") to the Executive Directors of the Company under the Lupus Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").
Name | Number of Ordinary Shares subject to the Deferred Plan Award |
Louis Eperjesi | 23,132 |
James Brotherton | 17,580 |
Under the Deferred Plan, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options. These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) at the end of a three year period. It is expected that the 2011 Awards will vest in March 2015. No consideration was paid for the 2011 Awards and no consideration is due to be payable on vesting.
A further three senior managers and executives employed by the Company and its subsidiaries have also been granted either conditional share awards or nil-cost options deferred for three years over a total of 11,062 Ordinary Shares.
Further enquiries:
Lupus Capital plc | |
Kevin O'Connell, Company Secretary | Tel: +44 (0)20 7976 8000 |