Director/PDMR Shareholding

RNS Number : 5118S

Evolution Group PLC

19 May 2009

 



The Evolution Group Plc

Notification of Transactions of Directors                           

19 May 2009

THE EVOLUTION GROUP PLC

(the "Company")

Notification of Transactions of Directors

The Evolution Group Plc 2002 Executive Share Incentive Plan (the "Plan")

The Evolution Group PLC (the "Company") announces that, as detailed in the Notice of the 2009 Annual General Meeting ("AGM") of the Company held today, an award of 2,000,000 ordinary shares in the capital of the Company ("ordinary shares") has today been made to Alex Snow under the Plan as part of a carefully designed performance based incentive framework designed to further align the interests of directors with those of shareholders. 

The awards were granted for nil consideration. The exercise price is 1 pence per share.  Subject to certain conditions detailed below, call rights will be granted in May 2011 whereupon they will become immediately exercisable.  

Performance conditions attaching to the awards include continued employment up to the date of grant of call rights and achievement of detailed qualitative and quantitative performance criteria set out in the Notice of AGM over two financial years. 

Following the above transactions, the directors hold the following awards under the Plan. 

Name                        The Plan        

Alex Snow                2,175,179

This notification relates to disclosures made in accordance with Disclosure and Transparency Rule 3.1.4(R)(1)(a). 

For more information please contact:

The Evolution Group Plc

Tony Lee, Company Secretary             Tel: [phone]  

 

END

 

 

RDSXKLFFKEBXBBK