15 February 2010
Ten Alps Plc
Senior Director Incentive Arrangements
Multimedia factual producer Ten Alps Plc ('Ten Alps' or the 'Company') announces that it has today implemented a new senior director incentive plan linked to the market capitalisation of the company in the event of a sale of the Company or portion thereof.
Under the terms of the plan, a participant can enter into a financial instrument, linked to the market capitalisation of the Company and in the event that this increases above £25 million at the time of such a sale, the instrument will pay the participants a sum based on the increase in value and capped at a maximum market capitalisation of £70 million.
The scheme is open to the senior directors of the Company and is valid for 7 years.
For further information:
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Ten Alps plc |
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Nitil Patel, Group Finance Director |
Tel: +44 (0) 20 7878 2311 |
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c/o Moira McManus |
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Grant Thornton Corporate Finance - Nominated Adviser |
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Gerry Beaney / Robert Beenstock |
Tel: +44 (0) 20 7383 5100 |
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www.gtuk.com |
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Canaccord Adams - Broker |
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Mark Williams |
Tel: +44 (0) 20 7050 6500 |
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Pelham PR - Public Relations |
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Alex Walters / Francesca Tuckett |
Tel: +44 (0) 20 7337 1500 |
This information is provided by RNS