RNS Number : 1489J
Wellstream Holdings PLC
24 March 2010
Wellstream Holdings PLC - Director/PDMR shareholding
This announcement is made in connection with DTR 3.1.4
The Company announces the award made on 23 March 2010 under the Company's Performance Share Plan of the following nominal value options/awards over ordinary shares of £0.01 in the Company to Directors and Persons Discharging Managerial Responsibilities.
Director Number Exercise price
Chris Gill, FD 47,381 1p per share
Luis Araujo, Executive Director 42,696 1p per share
Alasdair MacDonald, Acting CEO 54,031 1p per share
The options are not normally exercisable for a period of 3 years from date of grant and expire after 5 years.
The vesting of the share options is dependent upon the achievement of performance targets set by the Remuneration Committee and based as to 50% upon achievement of an EPS growth target and as to 50% upon a cash conversion target, both measured over a 3 year period.
For further information, please contact:
Rob Lamb at Wellstream Holdings PLC: +44 (0) 191 295 9000
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