12 Jul 2010 11:55
Carclo plc ("the Company")
Performance Share Plan
12 July 2010
The Company announces that on 7 July 2010, the fourth annual conditional award of shares under the Performance Share Plan 2007 ("PSP") was made to one executive director and five senior managers.
Mr Robert Brooksbank, Group Finance Director, was granted a conditional award of 69,000 Ordinary Shares. Following this award, the total number of Ordinary Shares awarded to Mr Brooksbank under the PSP is 308,000. These awards have a split performance condition whereby half will vest after three years based on TSR performance compared to the FTSE Small Cap Index and half will vest based on EPS performance (growth in underlying earnings excluding IAS19 pension accounting) over a three year period.
Enquiries
Carclo plc 01924 268040
Eric Cook, Company Secretary
Carclo (CAR)