Director Share Awards

RNS Number : 5443X

BowLeven Plc

13 January 2014

 

13 January 2014

Bowleven plc ("Bowleven" or the "Company")

Lapse of January 2011 Awards

pursuant to the Bowleven Long Term Incentive Plan

Bowleven wishes to announce that on 13 January 2014 the Company's Remuneration Committee noted that the relevant performance conditions applying to the following Awards to Directors made under the Bowleven Long Term Incentive Plan ("LTIP") on 11 January 2011  had not been met and that accordingly the January 2011 Awards listed below have lapsed.

Director	No. of Shares comprised in January 2011 LTIP Award
Kerry Crawford	34,211
Kevin Hart	105,263
Chief Tabetando	56,579
Ed Willett	60,526
Peter Wilson	39,474

Separately, all awards under the LTIP held by John Brown, former Finance Director, lapsed on 6 January 2014 upon his resignation.

ENQUIRIES

For further information please contact:

Bowleven plc

            Kevin Hart, Chief Executive                                       00 44 131 524 5678

            Peter Wilson, Company Secretary

Brunswick Group LLP

            Patrick Handley                                                         00 44 207 404 5959

            Simon Maine

Bank of America Merrill Lynch (NOMAD)                                                   

            Tony White                                                                00 44 207 628 1000

            Derek Ross                                                               

 

END

 

 

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