Director/PDMR Shareholding
31 July 2007 - 8:36PM
UK Regulatory
RNS Number:1800B
Vega Group PLC
31 July 2007
VEGA Group PLC
31 July 2007
Directors' Interest in Shares
VEGA Group PLC (the Company) announces the following changes in directors'
interests in shares.
On 30 July 2007 the Remuneration Committee made conditional awards of 5p
ordinary shares in the Company to the following directors:
Name Number of shares
Phil Cartmell 114,583
Sue Bygrave 73,750
These awards are subject to the following performance conditions:
Subject to continued employment the awards will vest on the third anniversary of
grant to the extent that the Company's Total Shareholder Return (TSR) moves
relative to the TSR of the FTSE Software and Computer Services Index. 30% of an
award will vest for median performance rising pro rata to 100% for upper
quartile performance. To the extent the performance conditions have not been
achieved the awards will lapse.
Following these grants the directors hold the following awards:
Name 2004 LTIP Scheme 2004 Share Option Scheme
Phil Cartmell 428,211 211,154
Sue Bygrave 261,647 65,882
This notification relates to transactions in accordance with DR 3.1.4.
Contact:
Kenneth Blyth
Company Secretary
01707 391999
This information is provided by RNS
The company news service from the London Stock Exchange
END
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