Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Friday 26 November, 2004

Brambles Industries

PerformanceShare Rights Grant

Brambles Industries PLC
26 November 2004


BRAMBLES INDUSTRIES PLC
Registered number: 4134697

26 November 2004


GRANT OF PERFORMANCE SHARE RIGHTS

We wish to advise that this year's grants under the Brambles Industries Limited
2004 Performance Share Plan, and the Brambles Industries plc 2004 Performance
Share Plan ('Performance Share Plans') have now been finalised.

Details of the grants are set out below.
          
1.   Performance Share Plans

     Under the Performance Share Plans:

     (a)  awards have been granted as at 24 November 2004 with respect to 
          3,415,993* Brambles Industries Limited ('BIL') shares; and
          
     (b)  awards have been granted as at 24 November 2004 with respect to 
          1,989,011* Brambles Industries plc shares.

In accordance with the Rules of the Plans, no consideration is payable for the
exercise of the Performance Share Plan awards.

Where Performance Share awards are over Share Rights, awards will lapse if
participants do not receive the underlying shares in accordance with their 
terms on or before 8 September 2010.

* including a limited number of Phantom Awards
     
2.   Grants to Executive Directors

     In addition to the above, in accordance with shareholder approval obtained 
     at the 2004 Annual General Meetings and as outlined in the 2004 Annual 
     Report, the following Performance Share Plan awards have also been granted      
     as at 24 November 2004 to the Group's Executive Directors:
          
     (a)  to D J Turner, awards under the Performance Share Plan with respect to
          649,464 BIL shares; and
          
     (b)  to M F Ihlein, awards under the Performance Share Plan with respect to 
          519,470 BIL shares, including a sign on award of 200,000 BIL shares.

These Awards will lapse if participants do not receive the underlying shares in
accordance with their terms on or before 8 September 2010.

Contact

Kerry Porritt
Deputy Secretary
Tel 020 7659 6020


                      This information is provided by RNS
            The company news service from the London Stock Exchange