Director/PDMR Shareholding

RNS Number : 1406A

Cineworld Group plc

15 March 2013

 



CINEWORLD GROUP PLC (the "Company")

The Company has today received notifications pursuant to the requirements of paragraph 3.1.2R of the Disclosure and Transparency Rules of the Financial Services Authority in respect of the following event:

On 15^th March 2013, the following awards ("Awards") over ordinary shares in the Company ("Shares") were made under the Cineworld Group 2007 Performance Share Plan (the "PSP") and the following options ("Options") were granted pursuant to the Cineworld Group Plc Company Share Option Plan ("CSOP") to Directors of the Company:

Name of Director	Number of Shares under the Award Granted pursuant to the PSP	Number of Shares under the Award Granted pursuant to the CSOP
Stephen Wiener (CEO)	169,104	-
Philip Bowcock (CFO)	92,699	3,587

No consideration was paid for the grant of an Award or Option. 

The Awards granted pursuant to the PSP were structured as nil cost options to acquire Shares. The Option Price for the Options granted pursuant to the CSOP was 278.75 pence per Share.  The London Stock Exchange mid market closing price of a Share on 14^th March 2013 was 278.75 pence.

The vesting of an Award and the exercise of an Option is ordinarily subject to continued employment of the participant and the satisfaction of performance conditions over a three year performance period set by the Remuneration Committee of the Company.

The above announcement is made pursuant to the Company's obligations under DTR 3.1.4.R of the Disclosure and Transparency Rules of the Financial Services Authority.

Richard Ray

Company Secretary

Tel: [phone]

 

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