Business
Long Term Incentive Plan
Long Term Incentive Plan.
About this update from Victoria Plc
[{"type":"text","content":"\n RNS Number : 4639Y Victoria PLC 22 December 2010 \n \n\n \nIssued by Citigate Dewe Rogerson Ltd, Birmingham\nDate: Wednesday, 22 December 2010 \nIMMEDIATE RELEASE\n \nVICTORIA PLC\nInternational manufacturer & distributor of carpets & floorcoverings,\nsupplying the mid to high end residential and contract markets in the UK and overseas\nLong Term Incentive Plan ('LTIP')\nOn 22 December 2010, the under mentioned executive directors and other persons discharging managerial responsibilities (PDMRs) were granted market value options with an exercise price of 236.00p of ordinary shares of 25p under the Victoria PLC Long Term Incentive Plan (LTIP).\n \nThese options are exercisable between 2013 and 2020 dependent upon the satisfaction of certain performance criteria under the terms of the LTIP. The number of options was determined using a share price of 236.00p per share.\n \n\n\n\n\nParticipant\n\n\nOptions granted on 22 December 2010 over the following number of Shares \n\n\nMaximum total interest in Ordinary Shares in Victoria PLC, including these options(Note 1)\n\n\n\n\nExecutive Directors\n\n\n\n\n\n\n\n\n\n\nAlan Bullock\n\n\n36,017\n\n\n228,264\n\n\n\n\nIan Davies\n\n\n27,542\n\n\n166,070\n\n\n\n\nBarry Poynter\n\n\n49,460\n\n\n201,973\n\n\n\n\nOther PDMRs\n\n\n\n\n\n\n\n\n\n\nTerry Danks\n\n\n13,427\n\n\n78,361\n\n\n\n\nShaun Lewis\n\n\n12,275\n\n\n70,893\n\n\n\n\nNeil Glover\n\n\n11,784\n\n\n67,458\n\n\n\n\nTrevor Chippendale\n\n\n12,569\n\n\n72,024\n\n\n\n\nAnne Seymour\n\n\n27,771\n\n\n113,214\n\n\n\n\nSean Kelly\n\n\n15,347\n\n\n81,281\n\n\n\n\n \nNote 1:The options have each been granted with a restriction such that they can only be exercised to the extent that the options granted to the same participant on 23 December 2008 have either lapsed or have been given up by the participant. As a participant may only exercise either the options granted in December 2008 or the options granted in December 2010 but not both the maximum number of shares that may be acquired through the exercise of options under the LTIP has not increased.\n \n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\nVictoria PLC\n\n\nCitigate Dewe Rogerson\n\n\n\n\nIan Davies, Group Finance Director\n\n\nKeith Gabriel, Senior Account Manager\n\n\n\n\nOffice: +44 (0) 1562 749300\n\n\nOffice: +44 (0) 121 362 40...