Director/PDMR Shareholding

RNS Number : 0547O

Molins PLC

27 February 2009

 

FOR IMMEDIATE RELEASE                                                                     27 February 2009

LONG TERM INCENTIVE PLAN
AWARDS

Molins PLC announces conditional grants, under the rules of the Long Term Incentive Plan, by the Remuneration Committee of the Company on 27 February 2009, of ordinary shares of 25p each in the Company to the following directors:

Director                                              Number of Ordinary

                                                                      Shares of 25 p each

Mr D J Cowen                                           135,000

Mr R C  Hunter                                             160,000

The realisation of awards in the Plan is dependent on Company performance criteria over the three years ending 31 December 2011.

LAPSE OF AWARDS

Molins PLC announces that the under mentioned awards of conditional grants of ordinary shares of 25p each in the Company, made under the rules of the Company's Long Term Incentive Plan, have lapsed because the performance criteria have not been met.

Date of award of                            Director                                    Number of ordinary

conditional grant                                                                               shares of 25 p each

1 March 2006                                  Mr D J Cowen                            135,000       (lapsed)

1 March 2006                                  Mr R C Hunter                             100,000      (lapsed)

 

 

END

 

 

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