NMCN Nmcn Plc

TIDMNMD

RNS Number : 6222D

North Midland Construction PLC

28 April 2017

North Midland Construction PLC

28 April 2017

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                                              93,633 
 Dan Taylor      Finance Director                                             54,084 
 Andy Langman    Executive Director                                           50,704 
 Stuart Proud    Executive Director                                           50,704 
 
 
 
 
 
 

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 2017, 2018 and 2019. The normal vesting date for these awards will be 27 April 2020, 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 27 April 2017 (295.83 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 disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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