Phantom Share Scheme

RNS Number : 3561U

Churchill China PLC

13 May 2008

 



Churchill China plc (the 'Company')

13 May 2008

Phantom Share Scheme

In accordance with the rules of the Company's Phantom Share Scheme (the 'Scheme'), the following Directors of the Company were granted awards under the Scheme on 12 May 2008 at a base value of 284p. The options are exercisable from 12 May 2012.

Name	Shares
David Taylor	10,000
David O’Connor	10,000
Iain Hicks	10,000

The maximum gain under the awards has been capped at 400p per phantom share and exercise of the options is subject to the achievement of certain performance conditions in relation to growth in earnings per share. Under the terms of the Scheme the options must be exercised by 12 May 2013.

A further 70,000 such awards were made to other employees of the Group on the same terms as above, amounting to a total grant of 100,000 phantom shares under the Scheme.

Further enquiries:

David Taylor, Finance Director (Churchill China plc) - 01782 524509

Andrew Emmott, Director (Brewin Dolphin Limited) - 0845 270 8611

ENDS

 

END

 

 

RDSEASSDFSXPEFE