Cineworld Group Plc (the "Company")
On 29th March 2011, the following awards ("Awards") over ordinary shares in the Company ("Shares") were made under the Cineworld Group 2007 Performance Share Plan (the "PSP") and the following options ("Options") were granted pursuant to the Cineworld Group Plc Company Share Option Plan ("CSOP") to Directors of the Company:
Name of Director |
Number of Shares under the Award Granted pursuant to the PSP |
Number of Shares under the Award Granted pursuant to the CSOP |
Stephen Wiener (CEO) |
153,205 |
4,801 |
Richard Jones (CFO) |
89,606 |
4,801 |
No consideration was paid for the grant of an Award or Option.
The Awards granted pursuant to the PSP were structured as nil cost options to acquire Shares. The Option Price for the Options granted pursuant to the CSOP was 208.25 pence per Share. The London Stock Exchange mid market closing price of a Share on 28th March 2011 was 208.25 pence.
The vesting of an Award and the exercise of an Option is ordinarily subject to continued employment of the participant and the satisfaction of performance conditions over a three year performance period set by the Remuneration Committee of the Company.
The Company was informed of the above transactions relating to the Awards and Options on 29th March 2011, such notification having been given by such Directors in accordance with the requirements of paragraph DTR 3.1.2R of the Disclosure and Transparency Rules of the Financial Services Authority.
Richard Ray
Company Secretary
Tel: 020 8987 5000
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