Grant of Share Options
November 08 2010 - 10:03AM
UK Regulatory
TIDMACS
RNS Number : 8153V
AI Claims Solutions PLC
08 November 2010
8 November 2010
Ai Claims Solutions PLC
Grant of Share Options
Ai Claims Solutions PLC (the "Company") today announces the following grants of
options under the Company's Long Term Incentive Plan ("LTIP") scheme.
+---------------------+------------------------+-----------------------+
| Name | Maximum number of | Total number of |
| | shares granted under | options held if |
| | LTIP award (subject to | maximum number of |
| | performance criteria*) | LTIP shares are |
| | | granted |
+---------------------+------------------------+-----------------------+
| David Sandhu | 243,000 | 1,285,500 |
+---------------------+------------------------+-----------------------+
| Peter Harrison | 75,000 | 748,500 |
+---------------------+------------------------+-----------------------+
| Jim Monteith | 36,000 | 211,000 |
+---------------------+------------------------+-----------------------+
| Chris Shaw | 105,000 | 253,500 |
+---------------------+------------------------+-----------------------+
| Peter Taylor | 147,000 | 247,000 |
+---------------------+------------------------+-----------------------+
* Either the 2012/13 Adjusted Basic EPS is at least 6.5p or the share price
(based on average mid market prices derived from the Stock Exchange Daily
Official List) for the 90 days preceding the preliminary announcement of the
result for 2012/13 is at least 40.0p. A 50% vesting of matching shares would
take place with an Adjusted Basic EPS of 5.0p or share price of 30.0p. Vesting
slides on a pro-rata basis between these points. These options are exercisable
at a price of GBPnil and subject to a 3 year performance period.
Enquiries:
+-------------------------------+-------------------------------+
| Ai Claims Solutions plc | |
+-------------------------------+-------------------------------+
| David Sandhu | 0844 571 3108 |
+-------------------------------+-------------------------------+
| Peter Harrison | 0844 571 3200 |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Shore Capital & Corporate Ltd | |
+-------------------------------+-------------------------------+
| Dru Danford / Stephane Auton | 0207 408 4090 |
+-------------------------------+-------------------------------+
- END -
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The company news service from the London Stock Exchange
END
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