Business
Phantom Share Scheme
Phantom Share Scheme.
About this update from Churchill China Plc
[{"type":"text","content":"\n RNS Number : 3561U Churchill China PLC 13 May 2008 \n \nChurchill China plc (the 'Company')\n\n13 May 2008\n\nPhantom Share Scheme\n\nIn accordance with the rules of the Company's Phantom Share Scheme (the 'Scheme'), the following Directors of the Company were granted awards under the Scheme on 12 May 2008 at a base value of 284p. The options are exercisable from 12 May 2012.\n \n\n\n\n\n\nName\n\n\nShares\n\n\n\n\nDavid Taylor\n\n\n10,000\n\n\n\n\nDavid O’Connor\n\n\n10,000\n\n\n\n\nIain Hicks\n\n\n10,000\n\n\n\n\n\n\nThe maximum gain under the awards has been capped at 400p per phantom share and exercise of the options is subject to the achievement of certain performance conditions in relation to growth in earnings per share. Under the terms of the Scheme the options must be exercised by 12 May 2013.\n\nA further 70,000 such awards were made to other employees of the Group on the same terms as above, amounting to a total grant of 100,000 phantom shares under the Scheme.\n \nFurther enquiries:\n\nDavid Taylor, Finance Director (Churchill China plc) - 01782 524509\n\nAndrew Emmott, Director (Brewin Dolphin Limited) - 0845 270 8611\n\nENDS\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSEASSDFSXPEFE \n ","length":5476,"tagName":"div"}]