Director/PDMR Shareholding

RNS Number : 7821D

Centaur Media PLC

28 October 2015

 



28 October 2015

Centaur Media Plc

(the "Company")

PDMR SHAREHOLDING

Notification of award under the Centaur Long Term Incentive Plan 2006 (the "LTIP")

The Company was notified on 28 October 2015 that on 27 October 2015 the following PDMR was granted an award over 10p ordinary shares in the capital of Centaur Media Plc under the LTIP as follows:

Name of PDMR	Number of LTIP Awards granted
Steve Newbold	143,036

No consideration was paid for the grant of the award.

The award is structured as nil cost options and will normally vest on 27 October 2018 (the "Vesting Date"), subject to the award holder's continued employment and the satisfaction of the performance conditions. 

One half of the LTIP award is subject to an absolute earnings per share ("EPS") performance condition which will be measured over the year ending 31 December 2017. 25% of this part of an award will vest for EPS of 6.5 pence for the year ending 31 December 2017 increasing pro-rata to 100% vesting for EPS of 10.5 pence or more for the year ending 31 December 2017.

The other half of the LTIP award is subject to a relative total shareholder return ("TSR") performance condition (with a financial underpin), measured against the constituents of the FTSE SmallCap (excluding investment trusts). 25% of this part of an award will vest for median TSR increasing pro-rata to 100% vesting for upper quartile TSR over the period from 1 January 2015 to 31 December 2017.

Vested awards shall normally remain exercisable during the period of six months starting on the Vesting Date.

The individual above was not a PDMR when he was granted an LTIP award over 97,154 10p ordinary shares in the capital of Centaur Media Plc on 26 March 2015. Following the grant of the LTIP award to the PDMR on 27 October 2015, the PDMR's holding in the Company is as follows:

Name of PDMR	Shares	LTIP Awards
Steve Newbold	0	240,190

This notification is made in accordance with DTR 3.1.4 of the Disclosure and Transparency Rules.

Name of contact and authorised company official responsible for making this notification:

Grainne Brankin

Company Secretary

020 7970 4000

 

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