Director/PDMR Shareholding

RNS Number : 3170Q

Evolution Group PLC

08 April 2009

 

8 April 2009

THE EVOLUTION GROUP PLC

(the "Company")

Notification of Transactions of Directors

The Evolution Group Plc 2002 Executive Share Incentive Plan (the "Plan")

The Evolution Group PLC (the "Company") announces that an award of 175,179 ordinary shares in the capital of the Company ("ordinary shares") has today been made to Alex Snow and that an award of 103,810 ordinary shares has today been made to Andrew Umbers under the Plan.  These awards relate to a partial deferral of 2008 remuneration designed to closer align the interests of the executive directors with those of shareholders.  

The awards were granted for nil consideration.  The exercise price is 1 pence per share. Subject to continued employment and achievement of certain qualitative performance criteria and the rules of the Plan call rights will be granted in April 2012 whereupon they will become immediately exercisable.  

An award has also been made today to Andrew Westenberger, Group Finance Director of 150,000 ordinary shares under the Plan. The awards were granted for nil consideration. The exercise price is 1 pence per share. Subject to continued employment and the rules of the Plan call rights will be granted in April 2012 whereupon they will become immediately exercisable.  

Following the above transactions, the directors hold the following awards under the Plan. 

Name	The Plan
Alex Snow	2,175,179
Andrew Umbers	1,703,810
Andrew Westenberger	150,000

This notification relates to disclosures made in accordance with Disclosure and Transparency Rule 3.1.4(R)(1)(a). 

For more information please contact:

The Evolution Group Plc

Tony Lee, Company Secretary             Tel: [phone]  

 

END

 

 

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