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Wellstream Hldgs Plc (WSM)

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Wednesday 24 March, 2010

Wellstream Hldgs Plc

Director/PDMR Shareholding

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

 

Total                                                                144,108

 

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

 


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