Director/PDMR Shareholding

RNS Number : 9139S

CPPGroup Plc

29 November 2011

 



CPPGroup plc (the "Company")

DIRECTORS'/PDMR SHAREHOLDINGS

The Company announces that on 28 November 2011 (the "date of grant") Paul Stobart, who joined the Company as Chief Executive Officer on 1 October 2011 was granted an award under the CPPGroup Long Term Incentive Plan (the "LTIP") over 566,794 ordinary shares of 10p each in the Company. The award has been structured as an option with a nil exercise price. No consideration was paid for the grant of the award.  His resulting interest in shares in the Company is shown below.

Name	Total number of shares awarded under the LTIP	Total number of shares over which options and/or awards are held by the executive following this notification
Paul Stobart, Chief Executive Officer	566,794	566,794

Subject to the satisfaction of performance conditions and the executive remaining employed within the Company's group, the executive's LTIP award will normally vest on the later of 1 January 2015 and the date that the Remuneration Committee determine the extent to which the performance conditions applying to the award have been satisfied. Once vested the award will normally be capable of exercise until the day immediately before the tenth anniversary of the date of grant.

This notification is made in accordance with DR3.1.4R(1)(a)

For further information please contact Paula Watts, Head of Secretariat, Telephone [phone].

Date of notification: 28 November 2011

 

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