Mothercare Plc : Mothercare Plc : Director/PDMR Shareholding To The London Stock Exchange Via RNS 14 March 2013 Mothercare plc Director/PDMR shareholdings Long term incentive plan 2012 Mothercare plc announces that the first awards under the Mothercare 2012 Long Term Incentive Plan (which was approved by shareholders at a general meeting on 20 December 2012) were made to the following directors/persons discharging managerial responsibilities on 11 March 2013 in the form of nil cost options: Director/PDMR Number of shares Simon Calver 778,816 Tim Ashby 147,975 Jude Bridge 121,149 Jerry Cull 179,128 Philippe Dayraud 134,129 Louise Palmer 156,845 Matthew Stringer 129,803 The awards will vest in whole or part subject to the achievement of stretching corporate performance conditions supporting the execution of the Transformation and Growth Plan, as set out in the Notice of General Meeting. The performance conditions relate to Group Profit Before Tax and share price performance. In addition, the UK business must break even in the financial year ending 2015 or 2016 and vesting is condition upon the director/PDMR having built up a minimum shareholding requirement within 3 years. The performance period is from 1 April 2012 to 31 March 2015 and the performance conditions will be tested in relation to the FY2015 results to determine what percentage of the shares vest. If the UK business breaks even in FY15, up to 50% of the shares will vest immediately following the announcement of the FY15 results. The remainder will vest 12 months later. If the UK business does not break even in FY15, no shares will vest at that time. However, if the UK business breaks even in FY16, then all the shares that have earned will vest immediately following the announcement of the FY16 results. If the UK business has not broken even by FY16, all awards will lapse. No consideration is payable for the grant of these awards. Further information:firstname.lastname@example.org ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Mothercare Plc via Thomson Reuters ONE HUG#1685304
Mothercare Plc : Mothercare Plc : Director/PDMR Shareholding
Press spacebar to pause and continue. Press esc to stop.