WTB Whitbread Plc

TIDMWTB

RNS Number : 7100L

Whitbread PLC

29 April 2015

WHITBREAD PLC

SENIOR EXECUTIVE SHARE AWARDS

LONG TERM INCENTIVE PLAN

Under the terms of the Long Term Incentive Plan of Whitbread PLC, conditional awards at nil cost were made on 28 April 2015 to certain senior executives of the Company in respect of the 3-year performance period 27 February 2015 to 1 March 2018. The maximum number of Whitbread PLC 76 122/153p Ordinary Shares, which each executive could potentially receive in respect of this performance period is as follows:

Number of Shares

   Simon Barratt                                                                   6,063 
   Nicholas Cadbury                                                               11,317 
   Paul Flaum                                                                        8,469 
   Christopher Rogers                                                            12,696 
   Louise Smalley                                                                   7,940 

The vesting of the awards will be based on Whitbread's EPS growth above RPI per annum of 4% to 10% on a sliding scale with a one-third multiplier based on ROCE in 2017/18 of 12% to 18%. The ROCE measure also acts as a hurdle.

In accordance with the rules of the Plan, the awards were based on a share price of GBP51.95, being the average of the mid-market closing price of the Company's shares for the five dealing days preceding 1 March 2015.

The awards will be subject to a two-year holding period post vesting.

WHITBREAD DIRECTORS' INCENTIVE SCHEME

Under the terms of the Whitbread Directors' Incentive Scheme, the following awards of shares were made on 28 April 2015 to senior executives of the Company in respect of the financial year of the Company ended 26 February 2015.

Number of Shares

   Simon Barratt                                                                    5,309 
   Nicholas Cadbury                                                                7,946 
   Paul Flaum                                                                        6,638 
   Andy Harrison                                                                   12,674 
   Christopher Rogers                                                             8,304 
   Louise Smalley                                                                   5,575 

Notes

* The number of shares have been calculated by dividing such part of the executive's incentive as the executive is entitled to receive in Ordinary Shares of 76 122/153p each in the capital of Whitbread PLC by the average of the middle -market closing price of the shares during the five dealing days preceding 1 March 2015 (GBP51.95).

* The awards made under the Directors' Incentive Scheme are not subject to any performance conditions. Under normal circumstances, the awards will vest in full subject to the executive remaining an employee of Whitbread until the third anniversary of the Award Date, as defined in the rules of the scheme.

Daren Lowry

Head of Secretariat & Risk Management

Tel: 01582 889346

29 April 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

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