Performance Share Plan

RNS Number : 3115S

Carclo plc

08 September 2010

 



Carclo plc ("the Company")

Performance Share Plan

8 September 2010

The Company announces that on 6 September 2010 a conditional award of ordinary shares of 5p each in the Company ("Ordinary Shares") under the Performance Share Plan 2007 ("PSP") was made to Ian Williamson, Group Chief Executive.

Following his re-election at the Annual General Meeting, Mr Williamson was granted a conditional award of 609,000 Ordinary Shares. This award has a split performance condition whereby half will vest as soon as practicable after 31 March 2013 based on TSR performance compared to the FTSE Small Cap Index and half will vest based on share price performance within a range of 200p and 300p.

Following this award, the total number of Ordinary Shares awarded to Mr Williamson under the PSP is 1,032,000.

Enquiries

Carclo plc                                                                                            01924 268040       

Eric Cook, Company Secretary                                                    

 

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