Director/PDMR Shareholding

RNS Number : 4208G

International Personal Finance Plc

22 October 2008

 

International Personal Finance plc

Awards under Share Plans

Earlier today International Personal Finance plc announced changes to its board structure with Christopher Rodrigues moving from the position of Executive Chairman to Chairman and John Harnett moving from the position of Chief Operating Officer to Chief Executive Officer.

International Personal Finance is now announcing changes to the awards made to these two individuals under the International Personal Finance plc Incentive Plan ('the Incentive Plan').

First awards* were made under the Incentive Plan on 20 July 2007 as follows:-

Director/PDMR	Percentage of total return to shareholders
Christopher Rodrigues – Executive Chairman	0.8 per cent
John Harnett – Chief Operating Officer	0.6 per cent

These awards have now been adjusted as follows

Director/PDMR	Percentage of total return to shareholders
Christopher Rodrigues - Chairman	0.6 per cent
John Harnett – Chief Executive Officer	0.7 per cent

*First awards under the Incentive Plan were made on 20 July 2007. Awards under the plans will vest subject to the achievement of performance conditions and continued employment. Should awards vest, Incentive Plan awards will deliver shares with an equivalent value to a specified percentage of the total return to shareholders achieved in a performance period to 16 July 2010, the third anniversary of the demerger of International Personal Finance plc from Provident Financial plc. Under the plan, delivery of vested shares is, normally, equally split between the end of the performance period and, subject to continued employment, 12 months following the end of the performance period.

Rosamond J Marshall Smith

General Counsel & Company Secretary

22 October 2008

 

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