Director/PDMR Shareholding

RNS Number : 3226S

Hansard Global plc

17 November 2011

 



Director/PDMR Shareholding

Hansard Global plc

17^th November 2011

Hansard Global plc

GRANT OF OPTIONS - Long Term Incentive Plan 2009

Hansard Global plc announces that share options have been granted to Persons Discharging Managerial Responsibilities ("PDMRs") under its Long Term Incentive Plan 2009 as follows:-

PDMR		Number of ord shares of 50 pence over which option granted
Joseph Kanarek		600,000
Gordon Stuart Marr		350,000
Vincent Paul Watkins		250,000
Paul Lucas Harwood		250,000
Manoj Bhagubhai Patel		175,000

The options were granted on 16^th November 2011.  Part or all of the Options will vest, on a nil cost basis, based on performance conditions achieved over the 3 year period 1^st July 2011 - 30^th June 2014, as evidenced through the audited financial statements.

In common with prior years, the performance conditions are based (except for Mr Kanarek) on the average excess return on embedded value (RoEV) (after the risk free return) and commences at a 2% RoEV resulting in a 15% vesting and 100% at 7.5% RoEV.  For Mr Kanarek vesting is based on new business measured as the aggregate of Net Issued Commission Credit (NICC) with a 15% vesting at NICC of £50m and 100% at NICC £70m.

This notification is made in accordance with Disclosure and Transparency Rule 3.

17^th November 2011

Enquiries:

Manoj B Patel, Company Secretary                    Tel: [phone]

 

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