Mavinwood PLC
23 March 2006
23 March 2006
Mavinwood plc
Grant of Share Incentives to Directors
The Board of Mavinwood plc announces that the following grants of share
incentives over the Company's ordinary shares of 0.1 pence each were made on 23
March 2006 to the undermentioned Directors.
The share incentives were awarded under the Mavinwood plc Long Term Incentive
Plan - ('LTIP').
+---------------+---------------+---------------+---------------+---------------+
| Director | Scheme | No. of Shares |Exercise Price |Total number of|
| | | | | share |
| | | | |incentives held|
| | | | | following |
| | | | | notification |
+---------------+---------------+---------------+---------------+---------------+
| Philip Reid | LTIP | 2,000,000 | 0.1p | 2,746,875 |
| | | | | |
+---------------+---------------+---------------+---------------+---------------+
| Kevin Mahoney | LTIP | 9,264,627 | 0.1p | 12,087,815 |
| | | | | |
+---------------+---------------+---------------+---------------+---------------+
| Mike Vincent | LTIP | 7,892,091 | 0.1p | 10,297,028 |
| | | | | |
+---------------+---------------+---------------+---------------+---------------+
| John Minton | LTIP | 1,000,000 | 0.1p | 1,000,000 |
| | | | | |
+---------------+---------------+---------------+---------------+---------------+
| Steve Watkins | LTIP | 500,000 | 0.1p | 500,000 |
+---------------+---------------+---------------+---------------+---------------+
In all cases there was no consideration for the LTIP award.
The exercise period in respect of grants under the LTIP scheme is from 23 March
2009 to 22 March 2016, subject to satisfaction of the applicable performance
criteria which relate to earnings per share growth and total shareholder return.
End.
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