PDMR Shareholding

RNS Number : 3282O

Centaur Media PLC

05 August 2014

 



5 August 2014

Centaur Media Plc (the "Company")

PDMR SHAREHOLDING

Notification of Awards under The Centaur Long Term Incentive Plan 2006 (the "LTIP")

The Company announces that on 4 August 2014 the following PDMR was granted an award over 10p ordinary shares in the capital of Centaur Media Plc under the LTIP as follows:

Name of PDMR	Number of Awards granted
G Brankin	155,897

No consideration was paid for the grant of the awards. 

The award is structured as nil cost options and will normally vest on 4 August 2017 (the "Vesting Date"), subject to the awardholder's continued employment and the satisfaction of the performance conditions. 

One half of the LTIP awards is subject to an absolute earnings per share ("EPS") performance condition which will be measured over the year ending 31 December 2016. 25% of this part of an award will vest for EPS of 7 pence for the year ending 31 December 2016 increasing pro-rata to 100% vesting for EPS of 10 pence or more for the year ending 31 December 2016.

The other half of the LTIP awards is subject to a relative total shareholder return ("TSR") performance condition (with a financial underpin), measured against the constituents of the FTSE SmallCap (excluding investment trusts). 25% of this part of an award will vest for median TSR increasing pro-rata to 100% vesting for upper quartile TSR over the period from 1 July 2013 to 31 December 2016.

Vested awards shall normally remain exercisable during the period of six months starting on the Vesting Date.

The Company was informed by the individual listed above of the above transaction on 5 August 2014.

Following the grant of the Award, the PDMR's holdings in the Company is as follows:

Name of PDMR	Shares	LTIP awards
G Brankin	NIL	155,897

This notification is made in accordance with DTR 3.1.4(1)(a) of the Disclosure and Transparency Rules.

Name of contact and authorised company official responsible for making this notification:

Grainne Brankin

Company Secretary

020 7970 4506

 

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