Business
Director/PDMR Share Option Awards
Director/PDMR Share Option Awards.
About this update from Intercede Group Plc
[{"type":"text","content":"\n \nRNS Number : 4839M Intercede Group PLC 17 August 2011 \n\nIntercede Group plc (the \"Company\")\nDirector and PDMR Share Option Awards\nThe Board recognises the importance of incentivising and rewarding the performance of its key executives and senior managers and has tasked the Remuneration Committee to review the effectiveness of existing arrangements and to recommend to the Board an appropriate long term incentive plan for its senior executives.\nThe Board, following the recommendation of the Remuneration Committee and after consulting its advisers, today announces the adoption of a Long Term Incentive Plan. This replaces the previous Share Option Plan which was adopted in November 2000, but against which no award has been made since 3 July 2002. \nPursuant to this Plan, the following Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) were granted options over ordinary shares exercisable at 1 penny per share (\"Options\") on 16 August 2011:\n\n\n\n\nName\n\n\nRole\n\n\nNumber of Options Awarded\n\n\n\n\nRichard Parris\n\n\nDirector\n\n\n567,029\n\n\n\n\nAndrew Walker\n\n\nDirector\n\n\n374,094\n\n\n\n\nJayne Murphy\n\n\nPDMR\n\n\n302,536\n\n\n\n\n \nVesting of the Options is conditional on the Company meeting certain earnings per share targets over a three year period.\n \nFollowing the Options granted above, the interests of the Directors and their immediate families in the total voting rights of the Company are detailed below:\n \n\n\n\n\n \n \n\n\nNumber of Ordinary Shares\n \n\n\nPercentage of Voting Rights\n (%)\n\n\nNumber of Share Options\n \n\n\nPercentage of Voting Rights\n (%)\n \n\n\n\n\nRichard Parris\n\n\n5,482,232\n\n\n 11.3\n\n\n869,565\n\n\n 1.8\n\n\n\n\nAndrew Walker\n\n\n1,376,227\n\n\n 2.8\n\n\n614,094\n\n\n 1.3\n\n\n\n\n \nEnquiries:\n \nIntercede Group plc &...