Restricted Stock Plans

RNS Number : 0771Z

Numis Corporation PLC

15 July 2008

 



EMBARGOED FOR RELEASE 

TUESDAY 15 JULY 2008 AT 11.00 AM  

Numis Corporation Plc ('Numis' or 'the Company') 

1. The US Restricted Stock Plan (2008) ('US RSP')

The Board of Numis today announces that it has approved awards of 1,052,291 (0.98%) Numis shares at a price of 173p per share under the Numis US RSP. These awards under the US RSP will be funded entirely by the allocation of 2,104,582 (1.96%) Numis shares, held by the Numis Corporation Plc Employee Benefit Trust No.2 ('EBT No.2'). 

The US RSP has been designed exclusively for employees of Numis working in the US who are invited to subscribe for Numis shares on the basis that for each Numis share purchased, they will receive, at no further cost to them, one additional Numis share (each a 'matching share'). The US RSP offers free matching shares to employees delivered in three equal staged vestings at the end of the third, fourth, and fifth anniversaries of the award; with the award holder 'purchasing' the equivalent number of shares at the award date. Subject to certain limited exceptions, employees must remain in employment with the Numis Group for a minimum period of 5 years to achieve the full matching share benefit under the US RSP scheme.  

2.  The Restricted Stock Unit Plan (2008) ('RSUP') 

The Board of Numis also announces that it has approved awards of 166,328 (0.15%) Numis shares under the second issuance of the RSUP, an equity share incentive scheme for employees of Numis. These awards under the RSUP will be entirely funded by the allocation of 166,328 (0.15%) Numis shares held by EBT No.2. The RSUP is a discretionary plan pursuant to which conditional rights to acquire Numis shares ('Awards') may be granted to employees. The Awards will vest in three equal tranches on the first, second and third anniversaries of the date of the agreement relating to the Awards, provided the employee remains employed by a Group company. On vesting of the Awards, the Shares will be delivered to employees by EBT No.2.

The total number of shares awarded under the US RSP and RSUP is 2,270,910 (2.11%), representing 1,052,291 (0.98%) shares to be purchased by employees, 1,052,291 (0.98%), matching shares awarded under the US RSP and 166,328 (0.15%) shares awarded under the RSUP. Prior to the allocation of these awards, EBT No.2 holds 6,513,977 (6.06%) Numis shares specifically for the Company's incentive award schemes. 

The Numis shares referred to above are Numis' ordinary shares of 5p each and the total number of shares in issue is 107,555,594 with each ordinary share carrying the right to one vote. There are no shares held in treasury.

15 July 2008  

END

Contacts

Numis Corporation:        

Oliver Hemsley, Chief Executive                                                     020 7260 1256
Bill Trent, Chief Financial Officer                                                    020 7260 1333

Brunswick:

Gill Ackers                                                                                     020 7936 5382

Carole Cable                                                                                  020 7396 7458

PricewaterhouseCoopers LLP (Nominated Adviser):

Simon Boadle                                                                                 020 7583 5000                            

Jon Raggett                                                                                    020 7583 5000

 

END

 

 

MSCEANXSFLFPEEE