Director/PDMR Shareholding (9139S)
November 29 2011 - 1:01AM
UK Regulatory
TIDMCPP
RNS Number : 9139S
CPPGroup Plc
29 November 2011
CPPGroup plc (the "Company")
DIRECTORS'/PDMR SHAREHOLDINGS
The Company announces that on 28 November 2011 (the "date of
grant") Paul Stobart, who joined the Company as Chief Executive
Officer on 1 October 2011 was granted an award under the CPPGroup
Long Term Incentive Plan (the "LTIP") over 566,794 ordinary shares
of 10p each in the Company. The award has been structured as an
option with a nil exercise price. No consideration was paid for the
grant of the award. His resulting interest in shares in the Company
is shown below.
Name Total number of shares Total number of shares over
awarded under the LTIP which options and/or awards
are held by the executive
following this notification
Paul Stobart,
Chief Executive
Officer 566,794 566,794
Subject to the satisfaction of performance conditions and the
executive remaining employed within the Company's group, the
executive's LTIP award will normally vest on the later of 1 January
2015 and the date that the Remuneration Committee determine the
extent to which the performance conditions applying to the award
have been satisfied. Once vested the award will normally be capable
of exercise until the day immediately before the tenth anniversary
of the date of grant.
This notification is made in accordance with DR3.1.4R(1)(a)
For further information please contact Paula Watts, Head of
Secretariat, Telephone 01904 545395.
Date of notification: 28 November 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
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