Grant of Share Options

RNS Number : 6317M

Johnson Service Group PLC

08 May 2015

 

8 May 2015

Grant of Share Options

Johnson Service Group PLC (the "Company") announces that it has today granted the following nil cost options over ordinary shares of £0.10 each in the Company under The Johnson Service Group 2009 Long-Term Incentive Plan (the "LTIP"):

Name	Position	Number of LTIP Options	Award Price (pence)
Chris Sander	CEO	393,750	nil
Yvonne Monaghan	CFO	308,750	nil

The LTIP options granted are subject to performance conditions linked to the Company's Earnings Per Share and Total Shareholder Return and will ordinarily vest three years from grant.  The performance conditions have been designed to ensure alignment between the incentivisation of the Executive Directors of the Company and the interests of its shareholders.

In addition, the following linked awards were granted on the same date over ordinary shares of £0.10 each in the Company under the LTIP Approved Section (the "Approved LTIP") at an exercise price of £0.80 each.

Name	Position	Number of LTIP Options
Chris Sander	CEO	37,500
Yvonne Monaghan	CFO	37,500

The Approved LTIP award has been granted to allow, where possible, the participant to receive part of the gain which may have been received under the LTIP award tax efficiently.  The participant will receive the same gross gain as he would have received had he only been granted the LTIP award and not been granted the LTIP award and the Approved LTIP award.  At the time of exercise, to the extent that there is a gain on the Approved LTIP award, the options granted under the LTIP award will be forfeited to the same value.

Enquiries:
Johnson Service Group PLC Chris Sander, CEO Yvonne Monaghan, CFO	Bell Pottinger Rollo Crichton-Stuart Gavin Davis Greg Wood	Investec Investment Banking  (NOMAD) David Flin Matt Lewis James Rudd
Tel:  [phone]	Tel:  [phone]	Tel:  [phone]

 

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