Deferred Share Awards and Directors' Dealing

RNS Number : 5545D

Lupus Capital PLC

24 March 2011

 



Lupus Capital plc

Deferred Share Bonus Plan Awards and Directors' Dealing

Lupus Capital plc ("Lupus" or the "Company"), a leading international supplier of building products to the door and window industry and the world's number one manufacturer of marine breakaway couplings, announces that on 23 March 2011, the Remuneration Committee of the Company granted the following nil cost share awards in respect of the year ended 31 December 2010 (the "2010 Awards") to the Executive Directors of the Company under the Lupus Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Name	Number of Ordinary Shares subject to the Deferred Plan Award
Louis Eperjesi	86,880
James Brotherton	68,819

Under the Deferred Plan, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options.  These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) at the end of a three year period.  It is expected that the 2010 Awards will vest on 23 March 2014.  No consideration was paid for the 2010 Awards and no consideration is due to be payable on vesting.

For the 2010 financial year, only the Executive Directors of the Company have been required to defer a portion of their bonuses under the Deferred Plan.  From 2011 other key employees may be required to defer a proportion of their bonuses pursuant to the Deferred Plan.

Following the grant of the 2010 Awards, the Executive Directors have the following interests in the Company's share capital:

	Ordinary Shares		2010 Awards		LTIP Awards
Name	Number	%	Number	%	Number	%
Louis Eperjesi	145,000	0.11	86,880	0.07	200,000	0.15
James Brotherton	149,141	0.11	68,819	0.05	150,000	0.12

All percentages are expressed as a percentage of voting share capital, being 129,840,798 Ordinary Shares.

Enquiries:

Lupus Capital plc	[phone]
Jamie Pike (Chairman)
Les Tench (Chairman of Remuneration Committee)
Collins Stewart Europe Limited	[phone]
Mark Dickenson / Tom Hulme
College Hill	[phone]
Mark Garraway / Mike Davies / Helen Tarbet

24 March 2011

 

END

 

 

RDSUSRRRABAOUAR