Awards under the LTIP 2011 (8795V)
20 January 2012 - 4:07AM
UK Regulatory
TIDMMNGS
RNS Number : 8795V
Manganese Bronze Hldgs PLC
19 January 2012
18 January 2012
Manganese Bronze Holdings PLC ('the Company')
Notification of Awards under the Manganese Bronze Long-Term
Incentive Plan 2011
Manganese Bronze Holdings PLC announces the grant on 18 January
2012 of a conditional right (an 'Award') of 150,000 ordinary shares
in the Company of 25p pence each ('Shares') to Peter Johansen,
Group Finance Director, under the Company's Long-Term Incentive
Plan 2011 (the 'LTIP').
Full details of the Award will be available in the Annual Report
and Accounts for the year ended 31 December 2011.
Notes:
1. The Award will ordinarily vest (and Shares released at such
time) on the 1(st) of May 2016, but only to the extent that certain
performance criteria based on the Company's share price and total
shareholder return performance are satisfied during the vesting
period and ordinarily subject to continued employment.
2. No consideration is payable on the grant of the Award;
3. The Company has 30,469,927 Ordinary Shares of 25p each in issue;
4. There are no shares held in treasury so the total voting
rights in the Company is therefore 30,469,927;
5. The Company now has a total of 1,000,000 awards outstanding
under the LTIP, representing 3.28% of the issued Ordinary Share
Capital; and
6. The notification of this Award is intended to satisfy the
Company's obligations under the AIM rules.
For further information, please contact:
Manganese Bronze Holdings PLC
John Russell, Group Chief Executive 02476 572108
FTI Consulting
Nick Hasell/Sophie Moate 020 7269 7291
Grant Thornton UK LLP
Philip Secrett/Melanie Frean 020 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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