LTIP Awards

RNS Number : 1000P

CPPGroup Plc

28 September 2011

 



28 September 2011.

CPPGroup Plc

LTIP Awards

The company has been notified that the following award of LTIP options has been made pursuant to the company's scheme, to certain Directors/Persons Discharging Managerial Responsibility (PDMR) over 167,632 ordinary shares of 10p each in the company (Ordinary Shares) as follows:

Name                                         No. of LTIP                         Market Value 

                                                  Options                                 per share (£)

Alan John Titchener                   67,308                                    1.30

Richard Brady                          100, 324                                   1.30

In accordance with the LTIP scheme rules for conditional awards, the LTIP options were made based on a share price of 130.0p per ordinary share on the closing dealing day prior to the date of grant.

The LTIP options have been granted on a conditional basis and no shareholder rights will be confirmed upon the grantee until the LTIP options have vested. Such vesting is subject to the achievement of the performance criteria of the scheme over a three year measurement period.

Enquiries

Paula Watts                      .

Head of Secretariat

Tel [phone]

 

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