Restricted Share Scheme
October 12 2010 - 1:00AM
UK Regulatory
TIDMMSQ
RNS Number : 2160U
Media Square PLC
12 October 2010
"Media Square plc ("Media Square" or the "Group")
Restricted Share Scheme: Vesting of Award to Peter Reid, Group Chief Executive
Media Square plc (AIM: MSQ) today announces that 70,000 restricted stock units
issued to Mr Peter Reid, Group Chief Executive during October 2007 vested on the
8th October 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 8.09% to 7.89%.
A summary of the resultant interests of Peter Reid is as follows:
+-----------------------+-----------------------+-----------------------+
| Current Shareholding | Restricted Shares | Additional Unvested |
| | Vested | Restricted Share |
| | | Units |
+-----------------------+-----------------------+-----------------------+
| 206,667 | 70,000 | 940,000 |
+-----------------------+-----------------------+-----------------------+
For further information please contact:
+----------------------------+-------------------------------------+
| Media Square plc | www.mediasquare.co.uk |
+----------------------------+-------------------------------------+
| Roger Parry | 020 3026 6601 |
+----------------------------+-------------------------------------+
| | |
+----------------------------+-------------------------------------+
| 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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