Director Dealings

RNS Number : 0018B
Ebiquity PLC
02 October 2015
 

Ebiquity Plc

("the Company")

 

 

Director Dealings

 

The Company announces that the following options (the "Options") to acquire ordinary shares of 25p each in the Company ("Ordinary Shares") have been issued to the directors listed below.

Name of director

Number of options

Nick Manning

300,000

Andrew Beach

100,000

 


The Options were awarded under the Company's Executive Share Option Plan - in parallel with grants to other members of the senior management of the Company, totalling 1,480,000 options in aggregate - in respect of the Executive Incentive Plan for the 2015 year. The exercise price of each Option is 25p per Ordinary Share.

The vesting of the Options will be conditional on the satisfaction of performance criteria relating to the rate of compound growth of the Company's diluted adjusted earnings per share ("EPS") over the three year period ending 31 December 2017 (the "Performance Period"). Growth will be measured against the reference adjusted diluted EPS for the year ended 31 December 2014. Compound EPS growth over the Performance Period of 10% per annum or more will result in all of the Options vesting. Compound EPS growth of 4% per annum over the Performance Period will vest one fifth of the Options. None of the Options will vest if compound EPS growth over the Performance Period is less than 4% per annum. Three-fifths of the Options will vest if compound EPS growth over the Performance Period is 8% per annum. The Options will vest on a straight-line basis where compound EPS growth over the Performance Period is between 4% per annum and 8% per annum or between 8% and 10%.

2 October 2015

Enquiries:

Ebiquity plc

Michael Greenlees (CEO)

Andrew Beach (CFOO)

 

020 7650 9600

 

 

 

Instinctif Partners

Matthew Smallwood

 

020 7457 2020

Numis Securities Limited

Nick Westlake (NOMAD)

David Poutney, James Serjeant (Corporate Broker)

020 7260 1000

 


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

Ebiquity (EBQ)
UK 100

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