Director/PDMR Shareholding

RNS Number : 8413D
Cineworld Group plc
29 March 2011
 



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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This information is provided by RNS
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