Deferred Share Awards and Directors' Dealing

RNS Number : 9910Z

Lupus Capital PLC

23 March 2012

 



Lupus Capital plc

Deferred Share Awards and Directors' Dealing

Lupus Capital plc ("Lupus" or the "Company"), a leading international supplier of building products to the door and window industry, announces that the Remuneration Committee of the Company has granted the following nil cost share awards in respect of the year ended 31 December 2011 (the "2011 Awards") to the Executive Directors of the Company under the Lupus Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Name	Number of Ordinary Shares subject to the Deferred Plan Award
Louis Eperjesi	23,132
James Brotherton	17,580

Under the Deferred Plan, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options.  These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) at the end of a three year period.  It is expected that the 2011 Awards will vest in March 2015.  No consideration was paid for the 2011 Awards and no consideration is due to be payable on vesting.

A further three senior managers and executives employed by the Company and its subsidiaries have also been granted either conditional share awards or nil-cost options deferred for three years over a total of 11,062 Ordinary Shares.

Further enquiries:

Lupus Capital plc
Kevin O'Connell, Company Secretary	Tel: [phone]

 

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