Business
Grant of Award to Executive Director
Grant of Award to Executive Director.
About this update from Conduit Holdings Ltd.
[{"type":"text","content":"\n \nRNS Number : 1519L Creston PLC 02 July 2014 \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n2 July 2014\n\n\n \n\n\n\n\n\n\n\n\n\nFOR IMMEDIATE RELEASE\n \n\n\n\n\n\n \n\n\n\n\nCreston plc\n \n \n\n\n\n\n \n('Creston' or the 'Group')\n \nGrant of Award to Executive Director under the Long Term Incentive Plan\n\n\n\n\n\n\n\n\n\n \nCreston plc (LSE: CRE) announces that, on 1 July 2014, the Group granted the following conditional share award (the \"Award\") to an Executive Director under the Group's Long Term Incentive Plan (\"LTIP\") approved by shareholders in 2005. The Award was granted at a share price of 106.5 pence per ordinary share (being the closing price on the preceding dealing day) as set out below:\n \n\n\n\n\nName\n\n\nNumber of Ordinary Shares subject to LTIP Award\n\n\nMarket value of Shares at the date of the Award (£)\n\n\nNumber of Conditional shares held following Award \n\n\nNumber of ordinary shares currently held \n\n\nTotal Shareholding of currently held shares (%)\n\n\n\n\nKathryn Herrick \n\n\n103,286\n\n\n110,000\n\n\n103,286\n\n\n-\n\n\n-\n\n\n\n\n \nThe conditional shares subject to the Award granted will vest in three years and then are required to be held for a further two years. The stretching performance criteria for which this Award is based on is the performance of the Group's diluted earnings per share over the three year performance period (being the FY15, FY16 and FY17 financial years) compared to UK gros...