LTIP - surrender of awards
21 February 2007 - 4:54AM
UK Regulatory
RNS Number:5875R
Teesland Plc
20 February 2007
20 February 2007
Teesland Plc (the "Company")
Long Term Incentive Plan ("LTIP") - surrender of awards
On 3 April 2006, the following awards in the form of nil cost options over the
Company's ordinary shares of 1 pence each were granted to directors of the
Company under the LTIP:
Mickola Wilson Chief Executive 398,936
Paul Oliver Chief Investment Officer UK 287,234
John Sims Head of iOG Funds 191,489
Marcus Shepherd Group Financial Director 141,489
David Seddon Chief Investment Officer Europe 159,574
The Company has today been notified that each of the directors named above has
voluntarily surrendered his or her award. No form of compensation or
consideration was paid or is payable to any director in connection with the
surrender of these awards.
This notification is intended to satisfy the Company's obligations under DTR
3.1.4R and relates to transactions notified in accordance with both DTR 3.1.4R
(1)(a) and DTR 3.1.4R(1)(b).
Marcus Shepherd 020 7659 6666
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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