WYG Regulatory News (WYG)

14 Jan 2010 15:45



14 January 2010

WYG plc ("the Company")

Grant of Awards 

At the Extraordinary General Meeting on 6 January 2010, shareholders approved the WYG plc Performance Share Plan 2009 ("the Plan") and the grant of the following awards (details of which were fully disclosed in the circular to shareholders dated 9 December 2009) pursuant to the rules of the Plan over "B" Preference shares in the capital of the Company to the Executive Directors and related party managers named below.

The awards were granted by the Trustee of the Plan on 13 January 2010 as nil cost options. In normal circumstances, vesting of these awards will occur on the third anniversary of the date of grant. No performance target applies to these awards. 

The beneficial, family and contingent interests of the directors and related party managers in the share capital of the Company are now as follows:

References in this announcement to £0.10 Ordinary Shares are to Post Consolidation Ordinary Shares (as such term is defined in the circular to shareholders dated 9 December 2009). The awards made pursuant to the Long Term Incentive Plan have not yet been adjusted to take into account the recent restructuring and share consolidation, hence these awards are currently expressed in terms of £0.01 Ordinary Shares in the table above. The Deferred Shares were issued to all holders of ordinary shares in the capital of the Company as part of the share reorganisation (full details of which were set out in the circular to shareholders dated 9 December 2009) which was approved by shareholders at the Extraordinary General Meeting on 6 January 2010.

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