Creston PLC Director/PDMR Shareholding (9126E)
July 21 2016 - 10:22AM
UK Regulatory
TIDMCRE
RNS Number : 9126E
Creston PLC
21 July 2016
21 July 2016
Creston plc
('Creston' or the 'Group')
Grant of Awards to Executive Directors under
the Long Term Incentive Plan
Creston plc (LSE: CRE) announces that, on 21 July 2016, the
Group granted the following conditional share awards (the "Awards")
to the Executive Directors under the Creston Long Term Incentive
Plan 2015 ("LTIP") approved by shareholders at the 2015 Annual
General Meeting. The Awards were granted at a share price of 89.7
pence per ordinary share (being the average of the middle market
quotations of the Company's shares during a period of 3 dealing
days immediately prior to the date of grant) as set out below:
Name Award Type Number of Market value
ordinary shares of shares
subject to at the date
LTIP Award of the Award
(GBP)
-------------- --------------- ----------------- --------------
Barrie Brien Core Award 423,791 380,000
-------------- --------------- ----------------- --------------
Barrie Brien Stretch Award 423,791 380,000
-------------- --------------- ----------------- --------------
Kathryn
Herrick Core Award 128,252 115,000
-------------- --------------- ----------------- --------------
Kathryn
Herrick Stretch Award 128,252 115,000
-------------- --------------- ----------------- --------------
After granting the Awards the Executive Directors now hold the
following beneficial interests:
Name Number of Number of Total shareholding
conditional ordinary shares of currently
shares held currently held shares
following held (%)
Award
-------------- ------------- ----------------- -------------------
Barrie Brien 1,813,273 361,671 0.62%
-------------- ------------- ----------------- -------------------
Kathryn
Herrick 548,700 5,700 0.01%
-------------- ------------- ----------------- -------------------
The conditional shares granted under the Awards will normally
vest on 12 June 2019, subject to the satisfaction of the stretching
performance conditions applying to the respective Core and Stretch
Awards and are then required to be held for a further two
years.
The performance criteria for which the Core Awards are based on
is the performance of the Group's diluted earnings per share over
the three year performance period (being the financial years ending
31 March 2017, 2018, and 2019). The performance criteria for which
the Stretch Awards are based on is the performance of the Group's
relative Total Shareholder Return ("TSR") over the three year
performance period (being the financial years ending 31 March 2017,
2018, and 2019). The Group's TSR must exceed the median ranking of
the TSR of a comparator group comprising the constituents of the
FTSE SmallCap for the award to begin vesting. The award will then
vest on a straight line basis from 0 per cent to 100 per cent as
the Group's TSR ranks from the median TSR up until the upper decile
TSR ranking. See the Directors' Remuneration Report within the FY16
Annual Report and Accounts for further detail.
No consideration will be paid for the conditional shares upon
vesting.
For further information please contact:
Creston plc
+44 (0)20 7930
Barrie Brien, Group Chief Executive 9757
Kathryn Herrick, Chief Financial
Officer
+44 (0)20 3772
Bell Pottinger 2491
Elly Williamson/Lucy Stewart
About Creston plc
Creston plc (LSE: CRE), incorporating the Creston Unlimited
group offer, is a marketing communications group delivering a range
of digital technology-based marketing solutions to blue-chip global
clients. Encompassing consultants and discipline experts from
across the industry and beyond, Creston Unlimited unlocks the power
of creative collaboration to realise the opportunities that exist
for brands and businesses in today's rapidly evolving world.
www.creston.com / www.creston-unlimited.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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