Revolymer PLC Director/PDMR Shareholding (2260L)
30 September 2016 - 4:02PM
UK Regulatory
TIDMREVO
RNS Number : 2260L
Revolymer PLC
30 September 2016
30 September 2016
Revolymer plc ("Revolymer" or "the Group")
Award under Long Term Incentive Plan
Revolymer (AIM: REVO) announces the grant of awards under the
Revolymer plc Long Term Incentive Plan ("LTIP") to its executive
directors Kevin Matthews and Robin Cridland.
The LTIP was adopted by the board of directors of Revolymer plc
(the "Board") on 29 June 2012 and its Remuneration Committee has
approved the following grants on 29 September 2016:
-- To the CEO Kevin Matthews a nil cost option over 955,147 ordinary shares
-- To the CFO Robin Cridland a nil cost option over 588,235 ordinary shares.
The vesting date of these awards is 30 April 2019 and they only
become exercisable if challenging performance conditions are met;
namely that 50% of the grant becomes exercisable if the weighted
average ordinary share price in the 180 day period ending on the
vesting date is GBP0.57. Between weighted average ordinary share
prices of GBP0.57 and GBP0.76, vesting shall be pro-rata and on a
straight line basis between 50% and 100%. Below GBP0.57 the grants
are not exercisable and lapse in full.
Ends
For further information please contact:
+44 (0) 1244 283
Revolymer plc 500
-------------------------------------- ----------------
Kevin Matthews / Rob Cridland
-------------------------------------- ----------------
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
-------------------------------------- ----------------
Adam James / Fabien Holler (Corporate
Finance)
Charles Leigh-Pemberton (Corporate
Broking)
-------------------------------------- ----------------
About Revolymer
Revolymer is an AIM quoted company (registered number 08024489)
whose vision is to be a specialty chemicals business focused on
controlled release, responsive systems and delivery systems based
on its expertise in the design and synthesis of polymers that
improve the functional performance of its customers' products,
thereby generating high margin business.
www.revolymer.com
This information is provided by RNS
The company news service from the London Stock Exchange
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