Promethean World Plc Director PDMR Share Awards (3703R)
September 11 2014 - 1:01AM
UK Regulatory
TIDMPRW
RNS Number : 3703R
Promethean World Plc
11 September 2014
Promethean World Plc
('Promethean' or 'the Company')
Director/PDMR Share Awards
Promethean World Plc (LSE: PRW) announces that on 10 September
2014, the following share awards, in respect of ordinary 10p shares
in Promethean, were made by the Company to the Executive Directors
under the Promethean World Plc Performance Share Plan 2011
("PSP").
Director Maximum number of nil cost options
(or conditional share awards) awarded
pursuant to the PSP
Jim Marshall (Chief Executive 800,000 ordinary shares
Officer)
Ian Baxter (Chief Financial 530,000 ordinary shares
Officer)
The PSP awards are structured as nil cost unapproved options or
as conditional rights to acquire shares. In each case there is no
payment requirement by the individuals to acquire the shares.
Both awards are subject to a total shareholder return
performance target, measured over a 3 year period, and will vest on
the third anniversary of grant.
On the same day, Ian Baxter was also granted 96,000 approved
options under the PSP with an exercise price of 31.25p. At the date
of exercise, to the extent that there is a gain on the approved
options, unapproved PSP awards will be forfeited to the same
value.
Enquiries
Promethean
Wendy Baker, Company Secretary + 44 (0) 1254 290749
Citigate Dewe Rogerson Consultancy + 44 (0) 207 638 9571
Anthony Carlisle + 44 (0) 7973 611 888
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSBIGDCCUBBGSG
Promethean (LSE:PRW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Promethean (LSE:PRW)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Promethean (London Stock Exchange): 0 recent articles
More Promethean News Articles