Director/PDMR Shareholding

RNS Number : 7502E

Paragon Group Of Companies PLC

30 September 2008

 



DIRECTOR SHAREHOLDING

On 29 September 2008 The Paragon Group of Companies PLC granted the following awards under the Paragon Performance Share Plan ('PPSP'):

Director                Award granted      Exercise period                Total awards outstanding

N S Terrington     844,051                29/09/11 - 29/03/12         1,017,811

N Keen                632,475                29/09/11 - 29/03/12         762,695

J A Heron            450,160                29/09/11 - 29/03/12         528,022

P Pandya             405,144                29/09/11 - 29/03/12         477,168

The awards will be subject to an absolute total shareholder return performance condition, whereby the increase in the net return index over the performance period, based on a share price that is equivalent on the grant date to 125 pence per share, must at least equal compound annual growth of 10%.  35% of the awards will vest for 10% compound annual growth over the performance period, increasing on a straight-line basis to full vesting for compound annual growth of 15%. The performance period is the three year period commencing on the date of grant.

Enquiries:

John Gemmell, Company Secretary

0121 712 2075

 

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