Paragon Group Of Companies PLC
14 March 2003
On 13 March 2003 the Paragon Group of Companies PLC ('the Company') granted the
following options over 10p ordinary shares to certain directors of the Company
under the Executive Share Option Plan:
Director Options granted Exercise Price Exercise period Total options now held
J P L Perry 122,368 £1.865 13/03/06 - 13/03/13 1,498,744
N S Terrington 191,053 £1.865 13/03/06 - 13/03/13 1,590,040
N Keen 138,947 £1.865 13/03/06 - 13/03/13 1,406,977
Furthermore, the following awards were granted under the Paragon Performance
Share Plan ('PPSP'):
Director Award granted Date exercisable
N S Terrington 95,526 13/03/06 - 13/09/06
N Keen 69,474 13/03/06 - 13/09/06
J P L Perry 61,184 13/03/06 - 13/09/06
Under the terms of the PPSP these awards will become exercisable provided the
Company's total shareholder return over the three year period commencing with
the date of grant is at or above the median TSR for a comparator group of those
companies making up the FTSE All Share Banks and Speciality and Other Finance
Sector. The extent to which the shares can be exercised will be dependent upon
where the company is ranked, with 25% being exercisable for median performance,
rising to 100% for performance on or above the upper quartile.
Enquiries:
John Gemmell, Company Secretary
0121 712 2075
This information is provided by RNS
The company news service from the London Stock Exchange
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