Director/PDMR Shareholding

RNS Number : 3121R

Whitbread PLC

28 April 2009

 



DATE: 28 April 2009                         AVS: 634565

WHITBREAD PLC

SENIOR EXECUTIVE SHARE AWARDS

LONG TERM INCENTIVE PLAN

Under the terms of the Long Term Incentive Plan of Whitbread PLC, conditional awards at nil cost were made today to certain senior executives of the Company in respect of the 3-year performance period 1 March 2009 to 29 February 2012. The maximum number of Whitbread PLC 76 122/153p Ordinary Shares, which each executive could potentially receive in respect of this performance period is as follows:

	Number of Shares
Simon Barratt	21,854
Patrick Dempsey	54,458
John Derkach	20,863
Alan Parker	121,766
Christopher Rogers	60,612
Louise Smalley	16,827

The vesting of half of each of the awards is subject to performance criteria based on Whitbread's TSR performance relative to the other companies within a comparator group over the performance period and the vesting of the other half of each award is subject to performance criteria based on Whitbread's EPS growth over the performance period.

In accordance with the rules of the Plan, the awards were based on a share price of £7.345, being the average of the mid-market closing price of the Company's shares for the five dealing days preceding 1 March 2009.

WHITBREAD DIRECTORS' INCENTIVE SCHEME

Under the terms of the Whitbread Directors' Incentive Scheme, the following awards of shares were made today to senior executives of the Company in respect of the financial year of the Company ended 1 March 2009:

	Number of Shares
Simon Barratt	19,662
Patrick Dempsey	26,353
John Derkach	28,789
Alan Parker	58,426
Christopher Rogers	36,354
Louise Smalley	15,139

Notes

*    The numbers of shares have been calculated by dividing such part of the executive's bonus as the executive is entitled to receive in Ordinary Shares of 76 122/153p each in the capital of Whitbread PLC by the average of the middle-market closing price of the shares during the five dealing days preceding 1 March 2009 (£7.345)

*    The awards made under the Directors' Incentive Scheme are not subject to any performance conditions. The awards will vest in full subject to the executive remaining an employee of Whitbread until the third anniversary of the award date under the rules of the scheme. The awards will also be released in full if the executive ceases to be employed by Whitbread by reason of redundancy, retirement, death, injury, ill health or disability or the transfer of business or company in which the executive is employed outside of the Whitbread Group. If the executive ceases to be in employment for any other reason, the proportion of the award which vests depends on the date of cessation of employment.

Daren Lowry

Head of Secretariat & Risk Management

Tel: [phone]

 

END

 

 

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