International Greetings PLC Long Term Incentive Awards (8119T)
09 October 2014 - 1:52AM
UK Regulatory
TIDMIGR
RNS Number : 8119T
International Greetings PLC
08 October 2014
8(th) October 2014
International Greetings Plc
('IG' or the 'Company')
Long Term Incentive Awards
The Company today announces it intends to issue up to 283,333
shares to Anthony Lawrinson, the Group's Chief Financial Officer
and up to 262,083 shares to Lance Burn, Director, under the Long
Term Incentive Plan announced on 31(st) March 2014.
Vesting is conditional upon and proportionate to the cumulative
average growth in fully diluted earnings per share before
exceptional items over a defined period from 1 April 2014 to 31
March 2017 with a CAGR of 20% required for the whole amount to vest
and a minimum CAGR of 10% for any shares to vest. The cost to Mr
Lawrinson and Mr Burns of the Ordinary Shares to be issued under
the LTIP, if the performance criterion is met, will be nil.
Mr Lawrinson already has 1,400,000 options over Ordinary Shares
also subject to performance criteria. Mr Burn has no other options
over Ordinary Shares.
For further information, please contact:
International Greetings plc Tel: 01525 887310
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief Financial
Officer
Cenkos Securities plc Tel: 020 7397
Bobbie Hilliam 8900
Harry Pardoe
This information is provided by RNS
The company news service from the London Stock Exchange
END
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