Last checked at 15 Feb 2010 10:10
15 February 2010
Ten Alps Plc
Senior Director Incentive Arrangements
Multimedia factual producer Ten Alps Plc ('Ten Alps' or the 'Company') announces that it has today implemented a new senior director incentive plan linked to the market capitalisation of the company in the event of a sale of the Company or portion thereof.
Under the terms of the plan, a participant can enter into a financial instrument, linked to the market capitalisation of the Company and in the event that this increases above £25 million at the time of such a sale, the instrument will pay the participants a sum based on the increase in value and capped at a maximum market capitalisation of £70 million.
The scheme is open to the senior directors of the Company and is valid for 7 years.
For further information:
| Ten Alps plc |
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| Nitil Patel, Group Finance Director | Tel: +44 (0) 20 7878 2311 |
| c/o Moira McManus | www.tenalps.com |
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| Grant Thornton Corporate Finance - Nominated Adviser |
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| Gerry Beaney / Robert Beenstock | Tel: +44 (0) 20 7383 5100 |
| www.gtuk.com |
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| Canaccord Adams - Broker |
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| Mark Williams | Tel: +44 (0) 20 7050 6500 |
| www.canaccordadams.com |
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| Pelham PR - Public Relations |
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| Alex Walters / Francesca Tuckett | Tel: +44 (0) 20 7337 1500 |
| www.pelhampr.com |
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