11 Dec 2008 12:36
Waterman Group plc ("the Company")
Directors' shareholdings
The Company was informed today that, on 10th December 2008, the following directors of the Company were granted conditional bonus awards in the form of Ordinary Shares in the Company:
Director Number of shares awarded
Nicholas John Taylor 38,000
Barry John Gore 33,000
Craig William Beresford 25,000
John Francis Graham Waiting 25,000
Graham Robert Hiscocks 25,000
James Arthur Austin 25,000
Simon Donald Harden 25,000
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 its capacity as Trustee of the Waterman Group Employee Trust. The total number of shares awarded is 196,000 with a value of £115,640 (based on the closing value of the Company's share price on the date of the award). The award has been approved by the Company's Remuneration Committee to encourage the aforementioned directors to build up a shareholding in the Company to a value of at least 50% of their current salaries.
The Company was also informed today that, on Friday 14th November 2008, the following directors of the Company were granted awards over the following numbers of Ordinary Shares in the Company under the Company's Long Term Incentive Plan ("LTIP"), contingent on meeting agreed performance targets. These awards are standard annual awards in accordance with the terms of the LTIP.
Director Contingent award Resultant contingent
Under LTIP Plan LTIP shareholding
Nicholas John Taylor 10,000 40,000
Barry John Gore 10,000 40,000
Craig William Beresford 10,000 40,000
John Francis Graham Waiting 10,000 40,000
Graham Robert Hiscocks 10,000 40,000
James Arthur Austin 10,000 40,000
Simon Donald Harden 10,000 40,000
11 December 2008