WTM.L Regulatory News (WTM)

17 Dec 2007 15:50

Waterman Group PLC17 December 2007 Waterman Group plc ("the Company") Directors' shareholdings The Company was informed today that, on 14th December 2007, the followingdirectors of the Company were granted conditional bonus awards in the form ofOrdinary Shares in the Company: Director Number of shares awarded Nicholas John Taylor 15,000 Barry John Gore 13,000 Craig William Beresford 10,000 John Francis Graham Waiting 10,000 Graham Robert Hiscocks 10,000 James Arthur Austin 10,000 Simon Donald Harden 10,000 The awards, which can be exercised between 3 and 10 years from the award date,will be met from issued shares already held by Waterman Trustees Limited in itscapacity as trustee of the Waterman Group Employee Trust, including 68,000Ordinary Shares which were purchased from one of the existing directors, MrAlexander Charles Burton, on Monday 10th December 2007 as previously announced.The total number of shares awarded is 78,000 shares with a value of £127,530(based on the closing value of the Company's share price on the date of award). The award has been approved by the Company's Remuneration Committee to encouragethe aforementioned directors to build up a shareholding in the company to avalue of at least 50% of their current salaries. 17th December 2007 This information is provided by RNS The company news service from the London Stock Exchange