New Long Term Incentive Plan and grant of Awards

RNS Number : 9587B

Gooch & Housego PLC

10 April 2013

 



For immediate release

10 April 2013

Gooch & Housego PLC

(The "Company")

New Long Term Incentive Plan and grant of Awards

The Remuneration Committee of the Board of Gooch & Housego PLC recently carried out a review of share-based incentive schemes in order to ensure that appropriate incentives are in place for the key employees of the Company. After consulting the Company's major shareholders, the Board has now adopted the Gooch & Housego PLC Long Term Incentive Plan 2013 on 9 April 2013. Under the plan, awards will be made annually to key employees based on a percentage of salary. Subject to the satisfaction of the required TSR performance criteria and EPS financial performance underpin, these grants will vest upon publication of the results of the Company for the year ending 30^th September 2015. 

On 9 April 2013 awards were made under the new plan to a number of key employees, including the following directors of the Company.

Name	Number of awards
Gareth Jones	56,876
Terry Scribbins	36,985
Andrew Boteler	35,076

For further information contact: -
Gareth Jones / Andrew Boteler	Gooch & Housego PLC	01460 256440
Tim Thompson  / Gabriella Clinkard	Buchanan	020 7466 5000
Patrick Robb / James Grace	Investec Bank plc	020 7597 5970

 

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