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BTG PLC (BTG)

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Friday 08 June, 2012

BTG PLC

Director/PDMR Shareholding

RNS Number : 0413F
BTG PLC
08 June 2012
 



BTG plc

 

8 June 2012

 

Directors' Interests in the shares of BTG plc

 

The Company has made the following awards to the executive directors under the Company's share plans

 

1.         Share awards

 

(a)        On 1 June 2012 the Company made the following grants of share options in BTG plc under the BTG Executive Share Option Plan 2009 at an exercise price of 386.00p, the closing mid market price on the day before grant:

 

            Louise Makin               122,288

            Rolf Soderstrom           90,673

 

The options will normally be capable of exercise three years after the date of grant, subject to continued employment and the satisfaction of performance conditions as set out below.  The awards represent 100% of salary calculated at the exercise price.  The number of shares that will be exercisable will depend on the extent to which the performance conditions are achieved.

 

(b)        On 1 June 2012 the Company made the following conditional awards of shares in BTG plc under the Performance Share Plan 2006:

 

            Louise Makin               124,042

            Rolf Soderstrom           91,974

 

The awards will normally vest after three years, subject to continued employment and the satisfaction of performance conditions as set out below.  The awards represent 100% of salary calculated at 380.54p (being the average of five days' closing mid-market share prices ending on 31 May). The number of shares that will vest will depend on the extent to which the performance conditions are achieved. 

 

2.         Performance conditions

 

·     The performance conditions for both the share options and performance shares are based on Trading Profit and Total Shareholder Return targets in equal proportions over a fixed three-year period.

·     The balance of shares that do not vest at the end of the three-year period, following the testing of the performance conditions, will lapse at that time.

 

- ends -

 

 

Contact for Queries:   Andy Burrows                        

Telephone:                  020 7575 1741


This information is provided by RNS
The company news service from the London Stock Exchange
 
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