Director/PDMR Shareholding

RNS Number : 0774F

Paragon Group Of Companies PLC

05 January 2010

 



DIRECTOR SHAREHOLDING

On 4 January 2010 The Paragon Group of Companies PLC granted the following awards under the Paragon Performance Share Plan ("PPSP"):

Director                   Award granted       Exercise period           Total awards outstanding

N S Terrington        451,145                 4/1/13 - 4/7/13           2,267,218

N Keen                  337,786                 4/1/13 - 4/7/13           1,698,123

J A Heron               240,458                4/1/13 - 4/7/13           1,199,011

On 5 January 2010 The Paragon Group of Companies PLC granted the following awards under the Paragon Matching Share Plan ("PMSP"):

Director                   Award granted        Total awards outstanding

N S Terrington         43,249                   59,004

N Keen                   32,422                   44,227

J A Heron               22,868                   32,274

The awards under the PPSP and PMSP are subject to a performance condition comparing the rank of the Company's total shareholder return ("TSR") against a comparator group of companies comprising the constituents of the FTSE 250 on the date of grant over the three years commencing on the date of grant.  25% of awards will vest for median performance, increasing on a straight line basis to full vesting for upper quartile performance.

Awards under the PMSP are exercisable for six months from the date on which the Remuneration Committee determines the extent to which the performance conditions have been satisfied.

Enquiries:

John Gemmell, Company Secretary

0121 712 2075

 

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