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14 Jan 2010 15:45
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14 January 2010
WYGΒ plc ("the Company")
Grant of AwardsΒ
At the Extraordinary General Meeting on 6 January 2010, shareholders approved the WYG plc Performance Share Plan 2009 ("the Plan") and the grant ofΒ the followingΒ awardsΒ (details of which were fully disclosed in the circular to shareholders dated 9 December 2009)Β pursuant to the rules of the PlanΒ over "B" Preference shares in the capital of the Company to the Executive Directors and related party managersΒ named below.
The awards wereΒ granted by the Trustee of the Plan on 13 January 2010 as nil costΒ 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.Β
|
Name |
Number of shares |
Class of shares |
|
Paul Hamer |
780,000 |
B Preference Shares |
|
David Wilton |
480,000 |
B Preference Shares |
|
Graham Olver |
480,000 |
B Preference Shares |
|
Ray Moore |
330,000 |
B Preference Shares |
|
David Crichton-Miller |
330,000 |
B Preference Shares |
The beneficial, family and contingent interests of the directors and related partyΒ managersΒ in the share capital of the Company are now as follows:
|
Name |
Beneficial shares Register |
Long Term Incentive Plan |
Performance Share PlanΒ |
Share Incentive Plan |
Total shares |
|
Paul Hamer |
6,300Β Β Β£0.10Β Ordinary Shares 63,000Β Deferred Shares |
315,510Β Β£0.01Β Ordinary Shares |
780,000Β B Preferences Shares |
- |
6,300Β Β£0.10Β Ordinary Shares 315,510 Β£0.01 Ordinary Shares 63,000Β Deferred Shares 780,000 B Preference Shares |
|
David Wilton |
7,500Β Β£0.10Β Ordinary Shares 75,000Β Deferred Shares |
252,409Β Β£0.01Β Ordinary Shares |
480,000Β BΒ Preference Shares |
577Β Β£0.10Β Ordinary Shares 5,776Β Deferred Shares |
8,077 Β£0.10Β Ordinary Shares 252,409 Β£0.01 Ordinary Shares 80,776Β Deferred Shares 480,000 B Preference Shares |
|
Graham Olver |
- |
- |
480,000Β B Preference Shares |
- |
480,000 B Preference Shares |
|
Ray Moore |
812Β Β£0.10Β Ordinary Shares 8,120Β Deferred Shares |
10,114Β Β£0.01Β Ordinary Shares |
330,000Β B Preference Shares |
1,147Β Β£0.10Β Ordinary Shares 11,473Β Deferred Shares |
1,959 Β£0.10Β Ordinary Shares 10,114Β Β£0.01 Ordinary Shares 19,593Β Deferred Shares 330,000 B Preference Shares |
|
David Crichton-Miller |
- |
- |
330,000Β B Preference Shares |
721Β Β£0.10Β Ordinary Shares 7,219Β Deferred Shares |
721Β Β£0.10Β Ordinary Shares 7,219Β Deferred Shares 330,000 B Preference Shares |
References in this announcement toΒ Β£0.10Β 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 TermΒ Incentive Plan have not yet been adjusted to take into account the recent restructuring and share consolidation, hence these awards areΒ currentlyΒ expressed in terms of Β£0.01 Ordinary Shares in the table above.Β The Deferred Shares were issued to all holders of ordinary shares in the capital of the Company as part of the share reorganisationΒ (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.
-oOo-
For further information, please contact:
|
WYGΒ plcΒ |
|
|
Paul Hamer, Chief Executive Officer David Wilton, Group Finance Director |
Tel: 0113 278 7111 |
|
Financial Dynamics |
|
|
Jon Simmons |
Tel: 020 7269 7291 |
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