Business
Grant of conditional share awards and options
Grant of conditional share awards and options.
About this update from Naked Wines Plc
[{"type":"text","content":"\n \nRNS Number : 9284E Majestic Wine PLC 22 July 2016 \n\nFor Immediate Release 22 July 2016\n \n \n \n \nMajestic Wine PLC\n(\"Company\" or the \"Group\")\n \nGrant of conditional share awards and options\n \nOn 9 June 2016 Majestic Wine PLC announced two new employee share schemes as part of a remuneration review that was underpinned by three key principles:\n \n· Alignment with the 2019 ambition of the transformation plan\n· Democratic participation benefitting all employees\n· Incentivising sustainable growth by measuring relative Total Shareholder Return\n \nToday the Group is announcing the first awards under these schemes:\n \nConditional share awards and nil-cost options over a total of 1,917,773 Ordinary Shares of 7.5 pence each (\"shares\") were granted on 22 July 2016 as part of the Company's newly launched Long Term Incentive Plan (\"LTIP\") including conditional awards over 1,426,379 shares, in aggregate, to 493 employees from store manager level upwards throughout the Group.\n \nIn addition to the 493 employees the below five PDMR's (Persons Discharging Managerial Responsibilities) also received conditional awards and nil-cost options: \n \n\n\n\n\nName\n\n\nTitle\n\n\nNumber of Ordinary Shares subject to LTIP award\n\n\n\n\nJames Crawford\n\n\nChief Financial Officer\n\n\n117,541\n\n\n\n\nJohn Colley\n\n\nManaging Director Majestic Retail\n\n\n64,532\n\n\n\n\nLuke Jecks\n\n\nManaging Director Naked Wines\n\n\n...