New Employee Incentive Arrang

RNS Number : 1432H

Ten Alps PLC

15 February 2010

 



15 February 2010

Ten Alps Plc

Senior Director Incentive Arrangements

Multimedia factual producer Ten Alps Plc ('Ten Alps' or the 'Company') announces that it has today implemented a new senior director incentive plan linked to the market capitalisation of the company in the event of a sale of the Company or portion thereof.

Under the terms of the plan, a participant can enter into a financial instrument, linked to the market capitalisation of the Company and in the event that this increases  above £25 million at the time of such a sale, the instrument will pay  the  participants a sum based on the increase in value and capped at a maximum market capitalisation of £70 million.  

The scheme is open to the senior directors of the Company and is valid for 7 years.

For further information:

Ten Alps plc
Nitil Patel, Group Finance Director	Tel: [phone]
c/o Moira McManus	www.tenalps.com
Grant Thornton Corporate Finance - Nominated Adviser
Gerry Beaney / Robert Beenstock	Tel: [phone]
www.gtuk.com
Canaccord Adams - Broker
Mark Williams	Tel: [phone]
www.canaccordadams.com
Pelham PR - Public Relations
Alex Walters / Francesca Tuckett	Tel: [phone]
www.pelhampr.com

 

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