Restricted Share Scheme
September 13 2010 - 1:00AM
UK Regulatory
TIDMMSQ
RNS Number : 5321S
Media Square PLC
13 September 2010
"Media Square plc ("Media Square" or the "Group")
Restricted Share Scheme: Vesting of Awards to Senior Managers
Media Square plc (AIM: MSQ) today announces that 1,007,000 restricted stock
units issued to Senior Managers during September 2007 vested on the 12th
September 2010.
Each restricted stock unit will be satisfied by the issue to the employee of one
ordinary share in Media Square, with such share issues to be wholly satisfied by
a transfer from the shareholding of Tenon (IOM) Corporate Services Ltd
("Tenon"), sole trustee of the Group's employee benefit trust. The transfer will
reduce Tenon's holding in Media Square from 10.87% to 8.09%.
As part of the awards one Executive Director, Bruce Winfield will receive
100,000 ordinary shares in Media Square.
A summary of the resultant interests of Bruce Winfield is as follows:
+--------------------------------------------+-------------------------------------------+-----------------------+
| Current Shareholding | Restricted Shares | Additional Unvested |
| (1) | Vested | Restricted Share |
| | | Units |
+--------------------------------------------+-------------------------------------------+-----------------------+
| 149,931 | 100,000 | 300,000 |
+--------------------------------------------+-------------------------------------------+-----------------------+
Note (1): includes 43,000 Ordinary shares held by Mr Winfield's spouse.
For further information please contact:
+----------------------------+-------------------------------------+
| Media Square plc | www.mediasquare.co.uk |
+----------------------------+-------------------------------------+
| Peter Reid | 020 3026 6607 |
+----------------------------+-------------------------------------+
| | |
+----------------------------+-------------------------------------+
| Collins Stewart Europe | |
| Limited | |
+----------------------------+-------------------------------------+
| Adrian Hadden/Stewart | 020 7523 8350 |
| Wallace | |
+----------------------------+-------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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