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Long Term Incentive Plan ("LTIP")

11 May 2009 09:59

RNS Number : 0116S
YouGov PLC
11 May 2009
 



YouGov plc

11 May 2009

YouGov plc ("YouGov" or "the Company")

Long Term Incentive Plan ("LTIP")

The Board is pleased to announce that it has approved the conditional grant of options under the terms of a Long Term Incentive Plan ("LTIP") established by YouGov plc in which Executive Directors and senior managers of the Company and its subsidiaries are eligible to participate. The Company's policy is that ownership of shares strengthens the link between managers' personal interests and those of shareholders in respect of delivering shareholder value. 

Under the rules of the LTIP, participants will be conditionally awarded nil cost options to acquire shares. The number of such shares will normally be calculated by reference to a percentage of the participant's salary and the Company's closing share price on the date of the Preliminary Announcement of the Company's annual results. The shares subject to the LTIP awards will be released to the recipients at the end of a holding period, normally three years, subject to their continued employment and to the Company's achievement of certain targets for earnings per share growth and Total Shareholder Return.

The total number of LTIP shares expected to be awarded conditionally this financial year to participants in the Scheme will be approximately 2 million. These include the following conditional awards to the Executive Directors of the Company: 

 Executive Director  Number of Ordinary Shares subject to the LTIP Award 

A. Newman 267,281

S. Shakespeare 359,447 

N Zahawi 359,447

Enquiries:

YouGov plc

Nadhim Zahawi / Alan Newman

020 7012 6000

Grant Thornton UK LLP 

Gerry Beaney / Colin Aaronson 

020 7383 5100

Numis

Nick Westlake

020 7260 1000

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSFWSAFSUSEII
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