Director/PDMR Shareholding

RNS Number : 8331I
Centaur Media PLC
30 March 2015
 

30 March 2015

 

Centaur Media Plc

(the "Company")

 

DIRECTOR AND PDMR SHAREHOLDINGS

 

Notification of Awards under the Centaur Long Term Incentive Plan 2006 (the "LTIP")

The Company announces that on 26 March 2015 the following Directors and PDMRs were granted awards over 10p ordinary shares in the capital of Centaur Media Plc, under the Company's LTIP:

Name of Director/ PDMR

Number of Awards granted

Andria Vidler

493,129

Mark Kerswell

337,959

Andrew Evans

277,585

Simon Middelboe

310,548

Kathleen Jones

213,740

Grainne Brankin

215,128

Steve McLaughlin

277,585

 

No consideration was paid for the grant of the awards.

The award is structured as nil cost options and will normally vest on 26 March 2018 (the "Vesting Date"), subject to the award holder's continued employment and the satisfaction of the performance conditions. 

One half of the LTIP awards is subject to an absolute earnings per share ("EPS") performance condition which will be measured over the year ending 31 December 2017. 25% of this part of an award will vest for EPS of 6.5 pence for the year ending 31 December 2017 increasing pro-rata to 100% vesting for EPS of 10.5 pence or more for the year ending 31 December 2017.

The other half of the LTIP awards is subject to a relative total shareholder return ("TSR") performance condition (with a financial underpin), measured against the constituents of the FTSE SmallCap (excluding investment trusts). 25% of this part of an award will vest for median TSR increasing pro-rata to 100% vesting for upper quartile TSR over the period from 1 January 2015 to 31 December 2017.

Vested awards shall normally remain exercisable during the period of six months starting on the Vesting Date.

The Company was informed by the individuals listed above of the above transactions on 27 March 2015.

Following the grant of the Award, the Director and PDMR holdings in the Company are as follows:

Name of PDMR

Shares

LTIP Awards

Andria Vidler

122,201

1,111,311

Mark Kerswell

333,108

774,323

Andrew Evans

 147,382

481,221

Simon Middelboe

108,414

577,821

Kathleen Jones

9,572

394,467

Grainne Brankin

1,370

371,025

Steve McLaughlin

NIL

277,585

 

This notification is made in accordance with DTR 3.1.4 of the Disclosure and Transparency Rules.

Name of contact and authorised company official responsible for making this notification:

 

Grainne Brankin

Company Secretary

020 7970 4000


This information is provided by RNS
The company news service from the London Stock Exchange
 
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