2 Apr 2013 14:42
2 April 2013
Modern Water plc ("Modern Water" or "the Company")
ANNOUNCEMENT OF CONDITIONAL SHARE AWARDSTO EXECUTIVE DIRECTORS
Modern Water plc announces that on 28 March 2013 the following conditional share awards of ordinary shares of 0.25p each were made to the following directors under the Modern Water plc Incentive Plan:
Neil McDougall, Executive Chairman - 700,000 shares, representing 0.0088% of the issued share capital of the Company.
Simon Humphrey, Chief Executive Officer - 470,000 shares, representing 0.0059% of the issued share capital of the Company.
Subject to achieving certain performance conditions, including revenue growth and share price targets, these awards will vest on 26 March 2016, with vesting prices up to £1.00 per ordinary share.
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For further information:
Modern Water plc | +44 1483 696 000 |
Tad Ostrowski, Company Secretary | |
Numis Securities Limited | +44 20 72601 000 |
Mark Lander (Corporate Broking) | |
Richard Thomas (Nominated Adviser) | |
Headland Consultancy | |
Tom Gough | +44 20 7367 5228 |
www.modernwater.com
MWG.L (MWG)