1 Apr 2010 16:27
01 April 2010
WYG plc ("the Company")
Grant of Options
At the Extraordinary General Meeting on 6 January 2010, shareholders approved the WYG plc Performance Share Plan 2009 ("the PSP") and the WYG plc Joint Share Ownership Plan 2009 ("the JSOP") and the grant of awards to executive directors and related party managers.
The following awards, as previously approved, by the shareholders, were granted on 1 April 2010 under the terms of the JSOP by the trustee of the White Young Green plc 2009 Employee Benefit Trust (the "Trustee").
| Name | Number of shares | Class of shares | Hurdle price |
| Paul Hamer | 841,726 | New ordinary shares | 34.75p |
| David Wilton | 264,674 | New ordinary shares | 34.75p |
| Graham Olver | 264,674 | New ordinary shares | 34.75p |
| Ray Moore | 264,674 | New ordinary shares | 34.75p |
| David Crichton-Miller | 264,674 | New ordinary shares | 34.75p |
In normal circumstances the award holder will have the opportunity to realise value from his JSOP award on the third anniversary of the date of grant or thereafter, subject to continued employment. No performance target applies to these awards. Further details of the terms applying to these awards are set out in the circular dated 9 December 2009 issued by the Company ("Circular").
The following one off award, as previously approved by the shareholders, was granted by the Trustee on 1 April 2010. In normal circumstances the award holder will have the opportunity to realise value from his JSOP award on the third anniversary of the date of grant or thereafter. No performance target applies to this award. Further details of the terms applying to this award are set out in the Circular.
| Name | Number of shares |
| Hurdle Price |
| Mike McTighe | 705,797 | New ordinary shares | 34.75p |
Following the granting of the above awards, the beneficial, family and contingent interests of the directors and related party members in the share capital of the Company are now as follows:
Ordinary shares of 10p each ("Ordinary Shares") and options over Ordinary Shares
| Name | Ordinary Shares (beneficial) | LTIP options* | JSOP options | SIP options (partnership) | SIP options (matching) |
| Mike McTighe | - | - | 705,797 | - | - |
| Paul Hamer | 6,300 | 31,551 | 841,726 | - | - |
| David Wilton | 7,500 | 25,240 | 264,674 | 525 | 52 |
| Graham Olver | - | - | 264,674 | - | - |
| Ray Moore | 812 | 1,011 | 264,674 | 1,043 | 104 |
| David Crichton-Miller | - | - | 264,674 | 656 | 65 |
Deferred shares of 4p each ("Deferred Shares") and B Preference Shares ("Pref Shares")
| Name | LTIP * (Deferred shares) | SIP (Deferred Shares) | PSP (Pref Shares) |
| Mike McTighe | - |
| - |
| Paul Hamer | 315,510 | - | 780,000 |
| David Wilton | 252,409 | 5,776 | 480,000 |
| Graham Olver | - | - | 480,000 |
| Ray Moore | 10,114 | 11,473 | 330,000 |
| David Crichton-Miller | - | 7,219 | 330,000 |
* The trustee of the White Young Green plc 1999 Employee Benefit Trust adjusted the number of shares subject to the LTIP awards to take account of the share reconstruction that took place shortly after 6 January 2010 and the figure above shows the adjusted number of shares subject to the LTIP awards.
Total number of shares in issue - 35,289,886 ordinary shares of ten pence each.
For further information, please contact:
WYG plc
Paul Hamer, Chief Executive Officer Tel: 0113 278 7111
David Wilton, Group Finance Director
Arbuthnot Securities Limited (Nominated Adviser and Broker)
Ed Gay / Ben Wells Tel: 020 7012 2000