Director Shareholding
Evolution Group PLC
06 July 2004
06 July 2004
The Evolution Group Plc
Director Shareholding
The Evolution Group Plc ("Evolution" or the "Company"), the investment bank and
retail fund management group, announces that Sanne UK Limited (the "Trustee") in
its capacity as the trustee of the Evolution Employee Share Incentive Plan (the
"Plan") has yesterday purchased 7,132 Ordinary shares of 1p each at a price of
145 pence per share and that Evolution has today issued 7,132 Ordinary shares of
1p each credited as fully paid at 145 pence per share to the Trustee as
"matching shares" under the terms of the Plan. The Trustee holds the shares as
Nominee for the participants of the Plan.
The purchase and issue included the following shares in respect of certain of
its directors:
Name of Number of Total number of Interest of director Percentage of
Director Ordinary shares Ordinary shares in Ordinary shares issued share
(including held by the including the shares capital
matching shares) Trustee for held by the Trustee represented by
acquired by the director for the director director's
Trustee for following such ("Total Interest") Total
director acquisition Interest
Alex Snow 172 2,684 431,786 0.17
Graeme Dell 172 2,684 50,504 0.02
Richard Griffiths 172 2,684 5,837,684 2.35
The above directors' interests exclude any interests in options over ordinary
shares in the Company.
Long Term Incentive Plan awards for directors
The Remuneration Committee of the Company announces today the award of shares
under the 2002 Evolution Group Share Incentive plan as follows.
Mr Richard Griffiths, an award of up to 1,312,500 shares vesting in the
following numbers depending on performance in the following accounting years:
Year 1, 2004 - 187,500 shares; Year 2, 2005 - 375,000 shares; and Year 3, 2006
- 750,000 shares. Mr Graeme Dell, an award of up to 1,312,500 shares vesting as
follows depending on performance: Year 1, 2004 - 187,500 shares; Year 2, 2005 -
375,000 shares; and Year 3, 2006 - 750,000 shares. The awards are subject to
strict Group earnings per share performance criteria requiring growth of 15% per
annum from the full year 2003 adjusted operating profit of 4.37p per share
(Adjusted operating profit £10,617,000, weighted average number of shares in
issue 242,953,440). The awards will be confirmed after three years on 6 July
2007, subject to continued employment, by the grant of call rights to acquire
the confirmed award shares at nominal value. Further details will be included in
the Remuneration report in the Report and Accounts for the year ended 31
December 2004 which will be circulated to shareholders in April 2005.
ENDS
For more information please contact:
The Evolution Group Plc (www.evolution-group.com) 020 7071 4300
Alex Snow, Chief Executive
Graeme Dell, Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
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