25 Jun 2013 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN | ||
25 June 2013 |
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FOR IMMEDIATE RELEASE
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Creston plc | ||
Grant of Awards to Executive Directors under the Long Term Incentive Plan (LTIP) | ||
Creston plc ("Creston" or "the Company") announces that on 24 June 2013 the Company granted the following conditional share awards to the Executive Directors under the Creston plc Long Term Incentive Plan ("LTIP") approved by shareholders in 2005. The awards were granted at a share price of 105.5 pence per ordinary share (being the closing price on the preceding dealing day) as set out below:
Name | Number of Ordinary Shares subject to LTIP Award | Market value of Shares at the date of the Award (£) | Number of Conditional shares held following Award | Number of ordinary shares currently held | Total Shareholding (%) |
Don Elgie | 388,626 | 410,000 | 1,499,737 | 2,116,113 | 3.46 |
Barrie Brien | 190,427 | 200,900 | 734,871 | 289,889 | 0.47 |
The conditional shares subject to the Awards granted will vest in three years, contingent on the individual's continued employment and stretching performance criteria which are based on the performance of the Group's Diluted Earnings Per Share (DEPS), over the three year performance period, compared to UK Gross Domestic Product (GDP).
No consideration will be paid for the contingent shares upon their vesting and the issue of all or a portion of the Awards will be subject to the related performance criteria.
For further information please contact:
Pelham Bell Pottinger | +44 (0)20 7861 3232 |
David Rydell/Elly Williamson/Malika Shermatova | |
About Creston plc
Creston plc (LSE: CRE) is a digitally focused insight and communications group. The Group delivers a range of marketing services, including advertising, brand consultancy, CRM, digital and direct marketing, health communications, local marketing, market research, PR and social media marketing to a broad spectrum of blue-chip global clients. Our insight companies give us a real edge, providing the analytic intelligence to enable us to deliver original thinking that engages audiences, invites participation and influences future trends. www.creston.com
Conduit Hldg (CRE)