Issue of shares under Long Term Incentive Plan

RNS Number : 7530Q

Creston PLC

22 June 2015

 



22 June 2015

Creston plc

('Creston' or 'the Company')

Issue of shares under Long Term Incentive Plan

Creston plc (LSE: CRE), the marketing communications group, announces that following the vesting of the Company's 2013 - 2015 Long Term Incentive Plan ("LTIP") on 19 June 2015, awards were made to Barrie Brien, the Group Chief Executive, under the LTIP in respect of 101,267 ordinary shares of 10 pence each in the Company ("Ordinary Shares").

Of the 101,267 Ordinary Shares, 51,622 Ordinary Shares shall be withheld to settle associated tax liabilities. Following this award Barrie Brien is therefore beneficially interested in 355,230 Ordinary Shares, representing 0.61% of the Company's issued share capital. It is expected that legal ownership of the Ordinary Shares will transfer to Barrie Brien in July 2015.

Following the vesting of the LTIP, the Company's issued share capital continues to comprise 58,712,596 Ordinary Shares (excluding the 2,624,742 Ordinary Shares Creston holds in Treasury). The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Creston plc                                                  [phone]

Barrie Brien, Group Chief Executive

Kathryn Herrick, Chief Financial Officer

About Creston plc

Creston plc (LSE: CRE), incorporating the Creston Unlimited group offer, is a marketing communications group delivering a range of digital technology-based marketing solutions to blue-chip global clients. Encompassing consultants and discipline experts from across the industry and beyond, Creston Unlimited unlocks the power of creative collaboration to realise the opportunities that exist for brands and businesses in today's rapidly evolving world. www.creston.com/ www.creston-unlimited.com

 

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