North Midland Construction PLC Performance Share Plan Awards (4890A)
June 08 2016 - 1:00AM
UK Regulatory
TIDMNMD
RNS Number : 4890A
North Midland Construction PLC
08 June 2016
08 June 2016
North Midland Construction Group PLC
Performance Share Plan Awards
North Midland Construction PLC ("North Midland Construction" or
"the Company")) announces that the following share awards over
ordinary shares of 10p each in the Company ("Shares") were
yesterday granted under the North Midland Construction PLC
Performance Share Plan ("PSP"):
Director Position Number of Share
Awards Granted
John Homer Chief Executive 196,363
Dan Taylor Finance Director 103,374
Andy Langman Executive Director 103,374
Stuart Proud Executive Director 103,374
The PSP was approved by the Company's shareholders at the
Company's AGM on 19 May 2016.
These awards are subject to a performance condition which will
be based on the Company's aggregate adjusted profit before tax and
which will be measured over the 3 financial years of the Company
2016, 2017 and 2018. The normal vesting date for these awards will
be 7 June 2019, subject to the satisfaction of the performance
condition.
The number of shares within the awards shown above (which allow
for the acquisition of shares at nil-cost to the extent that the
performance condition is achieved) were calculated using the
Company's 3-day average share price to the close of business on 6
June 2016 (137.5 pence).
For further information please contact:
North Midland Construction Group PLC - 01623 515 008
Robert Moyle, Chairman
John Homer, Chief Executive
Dan Taylor, Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASKXEFLKEFF
(END) Dow Jones Newswires
June 08, 2016 02:00 ET (06:00 GMT)
Nmcn (LSE:NMCN)
Historical Stock Chart
From Apr 2024 to May 2024
Nmcn (LSE:NMCN)
Historical Stock Chart
From May 2023 to May 2024