Long Term Incentive Plan

RNS Number : 4639Y

Victoria PLC

22 December 2010

 



Issued by Citigate Dewe Rogerson Ltd, Birmingham

Date: Wednesday, 22 December 2010

IMMEDIATE RELEASE

VICTORIA PLC

International manufacturer & distributor of carpets & floorcoverings,

supplying the mid to high end residential and contract markets in the UK and overseas

Long Term Incentive Plan ('LTIP')

On 22 December 2010, the under mentioned executive directors and other persons discharging managerial responsibilities (PDMRs) were granted market value options with an exercise price of 236.00p of ordinary shares of 25p under the Victoria PLC Long Term Incentive Plan (LTIP).

These options are exercisable between 2013 and 2020 dependent upon the satisfaction of certain performance criteria under the terms of the LTIP.  The number of options was determined using a share price of 236.00p per share.

Participant	Options granted on 22 December 2010 over the following number of Shares	Maximum total interest in Ordinary Shares in Victoria PLC, including these options(Note 1)
Executive Directors
Alan Bullock	36,017	228,264
Ian Davies	27,542	166,070
Barry Poynter	49,460	201,973
Other PDMRs
Terry Danks	13,427	78,361
Shaun Lewis	12,275	70,893
Neil Glover	11,784	67,458
Trevor Chippendale	12,569	72,024
Anne Seymour	27,771	113,214
Sean Kelly	15,347	81,281

Note 1:The options have each been granted with a restriction such that they can only be exercised to the extent that the options granted to the same participant on 23 December 2008 have either lapsed or have been given up by the participant.   As a participant may only exercise either the options granted in December 2008 or the options granted in December 2010 but not both the maximum number of shares that may be acquired through the exercise of options under the LTIP has not increased.

Enquiries:
Victoria PLC	Citigate Dewe Rogerson
Ian Davies, Group Finance Director	Keith Gabriel, Senior Account Manager
Office: [phone]	Office: [phone]
www.victoriaplc.com

 

END

 

 

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