UKM.L Regulatory News (UKM)

18 Jul 2006 17:35

Business Post Group PLC18 July 2006 BUSINESS POST GROUP PLC Announcement to the London Stock Exchange LTIP awards On 17 July 2006 the following executive directors of the Company, were grantedawards ("LTIP awards") entitling them to acquire ordinary shares of 10 pence inthe Company under the Business Post Group Long Term Incentive Plan as summarisedbelow: Executive Director Number of shares covered by LTIP award Guy Buswell 62,929 Steven Glew 44,622 Alec Ross 48,913 The LTIP awards will normally vest and become exercisable for a period of sevenyears from the third anniversary of the grant date, subject to continuedemployment and the meeting of earnings per share growth and total shareholderreturn, performance conditions. Appointment long term incentive awards On 17 July 2006, Messrs Guy Buswell and Steven Glew, each an executive directorof the Company, were granted one off appointment long term incentive awards("appointment awards") entitling them to acquire ordinary shares of 10 penceeach under individual agreements over 170,000 and 50,000 respectively. The appointment awards will ordinarily vest and become exercisable for a periodof four weeks from the date on which the Company's preliminary announcement ismade of its audited results for the financial year ending 31 March 2009, subjectto the grantee's continued employment and the meeting of an earnings per shareperformance condition. Additional information The above notifications are made in accordance with DR 3.1.4R(1)(a) and (b). No consideration was paid for the grant of the LTIP awards or appointment awardsand no payment is due on the vesting and exercise of these awards. END This information is provided by RNS The company news service from the London Stock Exchange